Euro US Dollar Exchange Rate Weakens Forex Signals / The Euro US Dollar (EUR/USD) exchange rate has weakened today as a strengthening US Dollar limits the appeal of the Euro.

At the time of writing the EUR/USD exchange rate is trending around the $1.1904 level as a slew of positive economic data from the Eurozone is not enough to bolster the single currency.

Forex Signals – Dollar Weakens Ahead of Sterling

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‘The reopening of services has given a big boost to the Eurozone economy in the second quarter. The mood among consumers and businesses is exuberant, which translates to better expectations for consumption and investment. The question is what could hold back a strong recovery, and for the moment the biggest risks seem to be supply related.’

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US Dollar (USD) Supported by Risk-Off Trade
The US Dollar (USD) has seen itself supported throughout the day as a risk-off mood limits the appeal of risk-correlated currencies and drives up demand for the safe-haven ‘Greenback.’

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Dollar little changed

Euro US Dollar Exchange Rate Outlook: US Employment Change in Focus

Pound to US Dollar

Euro traders will be focusing on flash inflation rate data from the Eurozone tomorrow along with employment change figures from the bloc’s largest economy, Germany.

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Euro US Dollar Exchange Rate Weakens

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Euro US Dollar Exchange Rate Weakens