A sinking Euro and softer Dollar pulled the single currency lower across the board on Thursday after the European Central Bank (ECB) met expectations for a smaller increase in interest rates but warned of further action if economic data doesn't respond better, and in short order, to the steps taken so far.
May 4,2023
The EUR/USD is clearly going to be in focus this week with both the Fed and ECB rate decisions to come ahead of U.S. non-farm payrolls report on Friday.
May 3,2023
The Euro to Dollar exchange rate entered the new month procrastinating around the 1.10 handle but would likely struggle to sustain itself above that level unless this week's central bank policy decisions provide the single currency with a clearer interest rate advantage over the greenback.
May 1,2023
The Euro to Dollar exchange rate was hobbled below 1.10 in early trade after Euro Area growth figures underwhelmed economist expectations just hours out from the release of the latest U.S. inflation figures, which could be key to whether or not the Federal Reserve (Fed) raises its interest rate next week.
April 28,2023
EUR/USD has peaked and will likely trend lower over a three-month horizon, before rebounding strongly over the 12-month horizon.
April 28,2023
EUR/USD hit 1.1095 in midweek trade meaning dollar buyers holding euros were looking at their best exchange rate in over a year.
April 27,2023
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
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