The Euro to Dollar exchange rate has held onto the bulk of its April gains in recent trade but could further them this week if congressional drama related to the U.S. debt ceiling topples the greenback or if European Central Bank (ECB) policymakers receive a hawkish shock from the local economic data.
April 24,2023
The message from the April PMIs is clear: the Eurozone economy is rallying back in a strong fashion thanks to a rebound in the bloc's services sector.
April 21,2023
The Euro to Dollar exchange rate (EUR/USD) is forecast higher at HSBC with analysts saying their conviction has been cemented by the most recent set of Balance of Payment (BoP) figures from the Eurozone.
April 20,2023
UniCredit Bank forecasts further Euro gains against the Dollar that will bring new year-to-date highs above 1.10.
April 18,2023
The Euro to Dollar exchange rate has run aground following a month-long rally and might now consolidate its recent gains this week but with prospective dip buyers already queueing in the wings, the single currency could also find itself well supported when near and below the 1.08 handle up ahead.
April 17,2023
European inflation is in retreat and the core inflation rate is on the cusp of a protracted retrenchment that would invite financial markets to position for an eventual series of European Central Bank (ECB) interest rate cuts and which could take the wind from the sails of the Euro, according to BCA Research.
April 17,2023
The Euro to Dollar exchange rate unwound some of its earlier gains in the final session of the week when poor U.S. retail sales figures were followed by remarks from Governor Christopher Waller suggesting the Federal Reserve (Fed) interest rate could rise further over the coming months.
April 17,2023
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