Foreign exchange analysts are backing further Dollar strength in the wake of the U.S. Federal Reserve meeting, but the Euro-Dollar exchange rate's dip below 1.20 could ease selling pressures as bargain hunters return to the market.
June 17,2021
Wednesday's Federal Reserve event presents the highlight of the week for the foreign exchange market with the outcome potentially setting the tone for currency markets over coming weeks.
June 16,2021
The Euro-to-Dollar exchange rate has dug in its heels above 1.21 in recent days while benefiting from a double-barrelled and nearby technical support on the charts, although its path higher is overshadowed this week by risks stemming from Federal Reserve (Fed) monetary policy.
June 15,2021
Euro exchange rates could find some life on Thursday's policy meeting at the European Central Bank which will offer some key guidance as to where Eurozone monetary policy is heading over coming months.
June 9,2021
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
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