The U.S. Dollar will "not give up easily" says UniCredit Bank in a mid-year assessment of the currency market that shows a concerted break above 1.10 in the Euro to Dollar exchange rate (EURUSD) is a story for 2024.
June 21,2023
The Euro to Dollar exchange rate pared away May losses in last week's trade but the rally has already stalled near a stubborn level of technical resistance on the charts while a retracement of recent global market gains and other factors could yet see the single currency slipping back toward 1.08 over the coming days.
June 19,2023
Despite the sharp appreciation of the euro following the European Central Bank (ECB) meeting, Asmara Jamaleh, a researcher at Intesa Sanpaolo Bank, maintains a cautious stance on revising his euro forecasts higher.
June 16,2023
As widely anticipated, the Federal Reserve hit pause on its tightening campaign yesterday, keeping interest rates unchanged.
June 15,2023
TD Securities has laid out its strategy scenario for the Euro to Dollar exchange rate (EURUSD) heading into the midweek Federal Reserve policy decision.
June 14,2023
The Euro to Dollar exchange rate rallied briefly to June highs after official data suggested U.S. inflation is closing in on its target and seemingly reducing pressure on the Federal Reserve (Fed) to raise interest rates further but new forecasts for borrowing costs could yet upset the market on Wednesday.
June 19,2023
The Euro extends a recovery against the Dollar ahead of this week's central bank meetings but analysts at Rabobank are not convinced the recovery will be sustained for a prolonged period.
June 13,2023
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