The Euro-Dollar exchange rate was looking higher from the recently reclaimed 1.22 level on Friday after IHS Markit PMI surveys suggested that key continental industries returned to growth in May, effectively firing the starting pistol on an economic recovery that some analysts see taking the single currency to 1.25 this summer.
May 21,2021
The Euro has risen back above the 1.22 mark against the Dollar amidst an ongoing short-term rebound and the prospect of fresh 2021 highs look tantalisingly close for those bulls betting on further appreciation.
May 21,2021
The Bank of America European Fund Manager Survey - a closely watched indicator of investor sentiment - shows expectations for further gains in Eurozone assets although inflation fears are growing.
May 19,2021
The Euro-Dollar exchange rate came close to turning a page on months of declines and lacklustre performance on Tuesday when it attempted to overcome February 2021 highs on the charts, above which the single currency would then have its year-to-date peak of 1.2349 in the crosshairs.
May 18,2021
The Euro-to-Dollar exchange rate retains a pathway back toward 2021 highs at the opening of the new week after recovering vigorously from a swift and seemingly decisive setback dealt to it by the U.S. Dollar and bond market in recent days, although getting back to those levels may be a slow burning affair.
May 17,2021
Foreign exchange analysts at JP Morgan have shifted their stance on the U.S. Dollar and say their expectation for appreciation is being moderated, prompting an upgrade for the Euro against the Dollar.
May 14,2021
The Euro-to-Dollar exchange rate recovery from its latest declines could be a slow burning affair if instability in global markets prevents investors from letting go of the greenback, although the single currency had already stepped foot back onto dry land Thursday after finding support around 1.2050.
May 13,2021
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