The Euro has proven to be an unexpected loser of the positive investor sentiment triggered by news Pfizer had succeeded in developing a vaccine that is able to protect against Covid-19 infection, but one leading foreign exchange analyst says the single currency can yet make a powerful comeback.
November 10,2020
The Euro-to-Dollar rate closed its strongest week since July on Friday but with the Democratic Party's Joe Biden since declared the winner of last week's election the single currency could attempt to make further gains over the coming days, although some analysts sayits prospective upside is currently limited.
November 8,2020
A number of foreign exchange analysts have come forward with a view the Euro can fall back further against the Dollar based on technical observations of the charts, a fundamental view the Euro will be undermined by a Eurozone economic contraction and the Dollar will stand to benefit from a lengthy dispute over the U.S. election result.
November 6,2020
The Euro-Dollar rate has climbed back from late September lows in anticipation of a victory by Democratic Party presidential candidate Joe Biden in Tuesday's election, but could fall by two percent if the outcome is contested and more in response to a surprise victory by President Donald Trump, some analysts say.
November 3,2020
The Euro-to-Dollar rate enters the new week near two-month lows but with a bullish market looking for it to be resuscitated by a Democratic Party win in Tuesday's U.S. election, although the risk is that a surprise victory by President Donald Trump leads it to unravel anew.
November 1,2020
The Euro slumped to the bottom of the major currency league table on Friday, led by a retreating Euro-Dollar rate which fell alongside the S&P 500 and other stock indices in late noon trading as concerns about the coronavirus, European Central Bank (ECB) policy and U.S. election saw risk appetite evapourate.
October 30,2020
Euro exchange rates came under pressure after the European Central Bank communicated on Thursday that it was in the process of preparing additional stimulus to aid the Eurozone economy which was said to be facing renewed and significant challenges going into year-end.
October 29,2020
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