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The Euro-to-Dollar rate was unchanged for the week on Friday but has been gaining resilience and cementing its grip on the 1.20 level as a rally in Sterling reduces upward pressure on the trade-weighted exchange rate, although it's likely to remain confined by a 1.20-to-1.22 range over the coming days.
February 21,2021
2021 will still be a year of decline for the U.S. Dollar say foreign exchange strategists at Société Générale, but a rebound in the Euro-to-Dollar exchange rate (EUR/USD) is unlikely in the first of the year.
February 19,2021
The Euro-Dollar rate has been range-trading since January's near-unravelling below the landmark 1.20 level but could break in either direction over the coming months, according to BofA Global Research and ING, whose forecasts tell a story of competing scenarios for 2021 outcomes from here.
February 18,2021
The Euro is under pressure against the Dollar with market commentators and analysts all pointing a finger at a rise in U.S. bond yields as being the major culprit.
February 18,2021
The Euro-to-Dollar exchange rate has stabilised and is now trading a narrow range with upside risks following its January wobble, although the Euro will have to contend with a series of key data points and minutes from meetings of both the European Central Bank (ECB) and Federal Reserve (Fed) this week.
February 14,2021
The Euro-to-dollar exchange rate fell below the key 1.20 level last week, before ultimately recapturing the level ahead of the weekend following the release of some less-than-stellar U.S. employment data.
February 8,2021
The EUR/USD rate has fallen below the magic market of 1.20 on Thursday, amidst a strong rally in the Dollar right across the board in a move that some are saying reflects a fundamental reality that the U.S. economy is outpacing that of the Eurozone once more.
February 4,2021
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