Euro US Dollar (EUR USD) Exchange Rate

EUR USD Exchange Rate Avoids Losses despite Highs

Live FX Signals While the Euro US Dollar (EUR USD) exchange rate’s advances have seemingly run out of steam for now, the pair is avoiding major losses as well. The Euro (EUR) remains appealing due to broad weakness in the US Dollar (USD).

Over the past week, EUR/USD continued its bullish run, finally breaking above the key level of 1.20.

Last week saw EUR/USD rise from 1.1965 to 1.2122, and this week so far the pair has continued to hover above the level of 1.21.

While EUR/USD has been unable to hold last week’s 2-year-best of 1.2174, the pair remains close to those levels, sustaining last week’s impressive gains.

The US Dollar’s rebound attempts lack drive. If coronavirus recovery hopes continue to rise, the Euro to US Dollar exchange rate could continue to see strong demand.

US Dollar (USD) Exchange Rates Remain Unappealing on Risk-Sentiment, US Outlook
The US Dollar has seen significant selling in recent weeks. Rising coronavirus recovery hopes, combined with a surge in US coronavirus infections and underwhelming US data, have kept the US Dollar unappealing.

FxPremiere Pound to US Dollar Exchange Rate

Even as the US Dollar selloff has paused in recent sessions, it has been unable to rebound much from its worst levels.

Still, some analysts speculate the US Dollar may not have much further to fall, at least for the immediate outlook. According to Ron Simpson, Managing Director of Global Currency Analysis at Action Economics:

‘Any good news we had on the vaccines last week has been fully priced in

So I don’t think there’s anymore vaccine upside for equities. If equities remain under pressure, we’re going to see the dollar hold its own in the short term

Signals – Pound to Euro GBPEUR Rises

Hawkish European Central Bank (ECB) Could Boost EUR USD Exchange Rate
For the time being, analysts predict that investors won’t have much reason to sell the Euro to US Dollar exchange rate lower again.

Reliable Forex Signals

The Euro remains comparatively appealing due to the Eurozone’s comparatively more optimistic outlook.

Tomorrow’s German trade balance and US wholesale inventories stats are unlikely to change that.

The next big focus for Euro and US Dollar investors will be Thursday’s European Central Bank (ECB) policy decision.

Pound to Euro GBPEUR Rises

If the ECB takes a more hawkish tone on coronavirus vaccine hopes, the Euro could see even stronger performance.

On the other hand, concerns over the Eurozone’s current coronavirus situations could make the bank more dovish, which could pressure EUR/USD instead.

The US Dollar will continue to be driven by global and US coronavirus developments. The Euro US Dollar (EUR/USD) exchange rate could be driven by Brexit developments as well, as this could impact the Eurozone economy.

Euro (EUR) Exchange Rates Buoyant despite Underwhelming Eurozone Growth Data

The Euro continues to benefit from weakness in its rival the US Dollar.

This is due partially to expectations that the Eurozone economy is weathering the coronavirus pandemic better than the US is. This sentiment persists, even amid speculation that Germany could tighten coronavirus restrictions soon.

Pound to Euro GBPEUR Exchange Rate

Today’s Q3 Eurozone growth rate stats had little impact on the Euro either.

Forex Signals – Euro to US Dollar

Euro US Dollar (EUR USD) Exchange Rate

Forex Signals Telegram Signals

Forex Signals Telegram Signals

Euro US Dollar (EUR USD) Exchange Rate

Trade better, discover more Forex Signals Strategies
Better Still Sign Up For our FX Signals Daily
Read more on Forex News Today
Download our Forex Signals APP

Join our 21,345  Subscribers Forex Signal Packages!!

Euro US Dollar (EUR USD) Exchange Rate