The Euro leads the global FX rebound amidst indications the initial U.S. Dollar surge to Donald Trump's election win is running out of steam.
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The Euro to Dollar exchange rate (EUR/USD) could be on course to hit the 1:1 marker, according to an increasing number of analysts. Others say such talk is overblown.
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The Euro is under fresh pressure against the Dollar as Trump looks all but set to enact an 'America first' trade policy that is particularly troublesome for the Eurozone's economic outlook.
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Rewind to this time last week and things were looking up for the Euro to Dollar exchange rate (EUR/USD). Now, we are forecasting further losses in the coming days.
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Forecasts for the euro are lowered at one of Europe's biggest banks following the political upheaval in the United States.
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The Euro to Dollar exchange rate (EUR/USD) is one of the biggest losers in the financial markets as it becomes clear Donald Trump and his Republican Party have swept the board.
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EUR/USD stabilises just below 1.09 ahead of the all-important U.S. presidential vote, but a Donald Trump win would ignite significant selling pressures again.
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