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The Dollar will depreciate further say strategists with Goldman Sachs who have this week confirmed they maintain bets against the currency.
June 8,2021
"EUR-USD is still trading below 1.22, indicating that investors remain prudent about riding a more sustained appreciation of the common currency or a decline of the greenback, and that they are probably waiting for the upcoming ECB meeting on Thursday," says Roberto Mialich, FX Strategist at UniCredit Bank in Milan.
June 7,2021
The Dollar holds gains ahead of the Friday release of U.S. jobs data which is likely to be the most important economic reading of some time, with analysts warning that disappointment could lead to a sizeable retreat by the U.S. currency.
June 4,2021
Foreign exchange strategists at Credit Suisse say the Euro is unlikely to travel beyond 1.23 over coming weeks as the European Central Bank's June meeting will likely disappoint buyers.
June 2,2021
The Euro-to-Dollar exchange rate was levitating near three month highs to open a holiday-shortened week on Tuesday but could derive further upside over the coming days if Chinese commercial banks go topping up on foreign currencies as they appeared to on Monday.
June 1,2021
Strategists at Westpac have said they are now buyers of the Euro against the Dollar, owing to a slip in the exchange rate in the wake of French GDP numbers.
May 28,2021
The Euro-to-Dollar exchange rate has eroded a key resistance on the charts as its recovery from earlier losses continues, aided by a glacial decline in the greenback and new highs for China’s Renminbi, while the hesitantly slow pace of the move is helping to cultivate more opportunities in neighbouring currencies.
May 26,2021
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