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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
The euro is extending its gains today, climbing to a fresh one-year high of $1.1075.
April 14,2023
The U.S. dollar extended its slide against all the other major currencies yesterday after the March CPI data revealed that headline inflation in the US slowed by more than anticipated.
April 13,2023
Stock index futures and crude oil also jumped. The EUR/USD neared 1.10.
April 12,2023
The U.S. dollar traded lower against almost all the other major currencies on Tuesday and continued to underperform on Wednesday as well.
April 12,2023
The Euro to Dollar exchange rate shifted back onto its front foot and appeared poised for further gains in the opening session of the holiday-shortened week but would likely struggle to advance beyond a nearby technical resistance level without further losses for the greenback over the coming days.
April 11,2023
"I reckon it is a matter of time before the EUR/USD breaks that barrier" - Fawad Razaqzada, City Index.
April 6,2023
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