The Euro to Dollar rate entered the new week on the front foot but may have scope to build on its recovery in the days ahead, with an approach of three-month highs around the 1.02 possible, if this week's U.S. inflation data encourages the recent correction in U.S. Dollar pairs to extend further.
November 7,2022
Europe's single currency benefited from a widespread retreat by the U.S. Dollar ahead of the weekend but its depreciation is not yet over and could yet lead the Euro-Dollar rate to fresh lows in the months ahead, according to newly downgraded forecasts from Goldman Sachs and Rabobank.
November 4,2022
The Euro to Dollar rate has reversed much of its October recovery in recent trade with the help of a Federal Reserve (Fed) that has quashed market speculation about a dovish pivot or softening of the U.S. interest rate stance and left the outlook for the single currency hanging in the balance.
November 3,2022
This is a significant week for global FX, with the Federal Reserve's policy update on Wednesday followed by Friday's all-important U.S. jobs report.
November 1,2022
The Euro remained one of the better performing major currencies this week even after October's European Central Bank (ECB) decision prompted the market to perhaps mistakenly adjust its expectations for interest rates lower.
October 28,2022
Today we get the ECB decision, and another 75bps hike is expected…. so, what are the charts saying ahead of this? EUR/USD has already broken above its 2022 downtrend and back above parity and did so with a decent rally.
October 27,2022
Danske Bank lowers its forecast profile for EUR/USD saying the U.S. Dollar is yet to hit new highs and the Eurozone's trade shock is likely to persist.
October 18,2022
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