The Euro-to-Dollar exchange rate was in focus in midweek trade amidst news that the Eurozone's two largest economies were looking to introduce a 'lockdown lite' in order to stem the accelerating spread of covid-19.
October 28,2020
The Lira tumbled to new record lows Tuesday after a diplomatic spat with France further toxified an already poisonous environment that's got a threat of economic sanctions and ire over Turkey's interest rate policy threatening to push EUR/TRY and USD/TRY to 10.0 and 8.50 respectively.
October 27,2020
The Euro-Dollar rate remained within arms reach of September highs Tuesday despite a looming European Central Bank event that’s expected to it take aim at the Euro for its recent appreciation, but without a shock and awe stimulus there might be little policymakers can do to put a lid on the currency.
October 27,2020
The European Central Bank forms the highlight for the Euro exchange rate complex in the week ahead, with analysts at Barclays saying while policy makers will be comfortable with the recent sideways action in the currency they cannot afford to keep quiet.
October 26,2020
The Euro-to-Dollar rate closed its strongest week since July on Friday but could be vulnerable over the coming days as European Central Bank (ECB) concerns about currency strength are aired amid signs of a possible renewed divergence between Eurozone and U.S. economies.
October 26,2020
The Lira languished at historic lows on Friday after the Central Bank of the Republic of Turkey (CBRT) disappointed investors by neglecting to lift interest rates following its October meeting, although even before then some analysts had warned that EUR/TRY is one course for the large round number of 10.0.
October 23,2020
The prospect of heightened financial market volatility and a stronger Dollar over coming weeks looks set to grow if Democrat presidential nominee Joe Biden's lead over incumbent Donald Trump continues to narrow.
October 21,2020
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