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Euro Exchange Rate News

Latest 10 news items tagged Euro Exchange Rate from our financial blog...

Euro to US Dollar Exchange Rate Struggles Near 2021 Worst despite Forecast-Beating Eurozone PMIs Published: 1 Apr at 1 PM 2021
Despite fresh signs of resilience in the Eurozone economic outlook, the Euro to US Dollar (EUR/USD) exchange rate has been struggling to recover from this week’s lows as the US Dollar remains broadly appealing in comparison. Unless upcoming US data disappoints investors, the Euro may have a difficult time mounting a more solid recovery. Since opening this week at the level of 1.1771, EUR/USD has been struggling to hold its ground. EUR/USD tumbled in the middle of the week and hit a low of 1.1704 - the worst level for the pair all...
Euro to US Dollar Exchange Rate Continues Recovery despite ECB’s Dovishness Published: 11 Mar at 4 PM 2021
Investors continued to buy the Euro to US Dollar (EUR/USD) exchange rate today, with the pair still recovering from the lows seen at the beginning of the week. The US Dollar has been tumbling since US inflation data was published yesterday, which is boosting Euro appeal despite a cautious tone from the European Central Bank (ECB). Last week’s surging rebound in demand for the US Dollar pulled EUR/USD down from 1.2072 to 1.1912, a considerable loss of over a cent and a half. Then, when markets opened on Monday morning EUR/USD...
Pound to Euro (GBP/EUR) Exchange Rate Rises as UK Construction Data Boosts Economic Confidence Published: 4 Mar at 6 PM 2021
The Pound to Euro exchange rate rose by 0.5% today, with the pairing currently fluctuating around €1.16. Sterling rose following yesterday’s announcement of the 2021 Budget. Chancellor Rishi Sunak repeated his pledge to do ‘whatever it takes’ to help the UK economy recover from the Covid-19 pandemic. Additionally, the UK’s Covid-19 infections continue to drop, buoying confidence in the outlook for the economy in the months ahead. Today also saw promising UK economic data in the form of the latest Construction PMI...
Euro to US Dollar Exchange Rate Returns to Key 1.22 Levels as Federal Reserve Stays Dovish Published: 25 Feb at 3 PM 2021
Despite uncertainty over the Eurozone’s coronavirus outlook, the Euro to US Dollar (EUR/USD) exchange rate has been trending higher again this week. Whether or not the pair sustains a strong advance depends on upcoming Eurozone and US data however. Since markets opened this week, EUR/USD has been trending with an upside bias. EUR/USD opened this week at the level of 1.2117 and has been edging higher and higher each day. Today, EUR/USD touched on a high of 1.2235. This was the best level for EUR/USD in over a month, since the...
British Pound to US Dollar Exchange Rate Near New 2-Level Best as Sentiment Continues to Improve Published: 21 Jan at 5 PM 2021
The Pound rally has been gathering steam while risk aversion and US economic concerns weigh on the US Dollar, making it easier for the British Pound to US Dollar (GBP/USD) exchange rate to trend near its best levels in years. Since opening this week at the level of 1.3585, GBP/USD has been trending higher save for a brief dip near the beginning of the week. Last night, GBP/USD touched on a high of 1.3742. This was the best level for the pair in over two and a half years, since the first half of 2018. At the time of writing on...
Pound to Euro (GBP/EUR) Exchange Rate Dips as Brexit Fears Weigh on UK Market Optimism Published: 24 Nov at 4 PM 2020
The Pound to Euro (GBP/EUR) exchange rate fell today after the Bank of England’s (BoE) Governor, Andrew Bailey, commented that Brexit could cause more damage to the British economy than Covid-19. As a result, GBP investors have become increasingly jittery as UK-EU trade talks have failed to emerge with any certain signs of a post-Brexit trade deal. Mr Bailey highlighted the difficulties of adjusting to a new trading relationship, saying: ‘It takes a much longer period of time for the real side of the economy to adjust to the...
Euro to US Dollar Exchange Rate Sees Heavy Fluctuations with US Election Still Far from Certain Published: 4 Nov at 5 PM 2020
The Euro to US Dollar (EUR/USD) exchange rate has seen intensifying volatility and fluctuations since last night, as the results of the 2020 US Presidential Election turn out to be far less clear than expected. Since opening this week, EUR/USD been trending with a largely downside bias as investors continue to avoid risks. EUR/USD opened the week at the level of 1.1676 and has touched on lows of 1.1617. This is the worst level for the pair since July. EUR/USD has attempted to gain on hopes that the election result will become...
Pound to Euro Rises, UK Hopes to 'Turn the Tide' of the Coronavirus in 12-Weeks Published: 20 Mar at 5 PM 2020
The Pound Euro (GBP/EUR) exchange rate recovered from its 11-month lows against after the Bank of England (BoE) cut its interest rates to an all-time low of 0.1%. The Bank also announced £200bn of money creation to help the UK’s economy throughout the coronavirus pandemic. Tom Stevenson, an Analyst at Fidelity International, commented ‘Britain is now a whisker away from the negative interest rate club.’ ‘Rates have never been this low in the more than 300-year history of the Bank of England. Purchases of government and...
Pound US Dollar (GBP/USD) Plummets to Lowest Level Since 1985 Published: 18 Mar at 5 PM 2020
The Pound US Dollar (GBP/USD) plummeted by over -2% and is currently trading around $1.17, its lowest level since 1985. Traders have flocked to the safe-haven refuge of the US Dollar (USD) today with the ongoing coronavirus crisis threatening to push the global economy into a recession. Thomas Flury, a Currency Strategist at the Swiss Bank UBS, explains: “The main reason for dollar demand is liquidity concerns: In volatile times, companies and investors need dollars to settle transactions.” “As long as these concerns persist,...
Pound Euro (GBP/EUR) Exchange Rate Falls as Markets Fear Hung Parliament Published: 12 Dec at 4 PM 2019
The Pound Sterling Euro (GBP/EUR) exchange rate was volatile, as British voters took to the polls on Thursday, leaving the pairing trading around €1.1819. Over the course of the week, the Pound has been buoyed by Brexit optimism reaching a two-and-a-half-year high against the single currency. Overnight, GBP volatility increased to the highest level seen since the 2016 Brexit referendum, and it is likely the Pound will move sharply once the election results are in. Jitters were sent through the market after a YouGov poll on...