The Euro to Dollar exchange rate reached its highest level since March last year in the penultimate session of the week but the rally could be at risk of coming undone in the days or weeks ah…
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EURUSD rose a per cent to hit a 16-month high at 1.11 following the release of U.S. inflation data.
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The Euro to Dollar exchange rate has been in the ascendency for four consecutive days now. Whether it can make it a fifth depends on the outcome of the midweek release of U.S. inflation data.
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It's been a dreadful month for the US dollar so far, even though incoming data releases continue to reaffirm the superiority of the American economy.
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The Euro to Dollar exchange rate has held most of last month's gains during recent trade but its rebound from late May lows has lost steam and the ebb of momentum might now be likely to leave singl…
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The Euro's recent gains against the US Dollar may not be sustained with one analyst cautioning against chasing further appreciation at this stage.
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"We think this is increasingly reminiscent of the late-1990s dotcom era, and now expect a similar bubble to form in the U.S."
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