Euro-Dollar Builds Support but Fed’s Shadow Darkens Horizon

  • Written by James Skinner

Euro to Dollar rate outlook

The Euro-to-Dollar exchange rate has dug in its heels above 1.21 in recent days while benefiting from a double-barrelled and nearby technical support on the charts, although its path higher is overshadowed this week by risks stemming from Federal Reserve (Fed) monetary policy.

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Euro-Dollar Near-Term Forecast: 1.2051 Possible

  • Written by Gary Howes

Euro Dollar exchange rate outlook

"EUR-USD is still trading below 1.22, indicating that investors remain prudent about riding a more sustained appreciation of the common currency or a decline of the greenback, and that they are probably waiting for the upcoming ECB meeting on Thursday," says Roberto Mialich, FX Strategist at UniCredit Bank in Milan.

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Euro-Dollar Rate Today: Jobs Report Could Expose 1.2040

  • Written by Gary Howes

non-farm payrolls to drive Euro Dollar action

The Dollar holds gains ahead of the Friday release of U.S. jobs data which is likely to be the most important economic reading of some time, with analysts warning that disappointment could lead to a sizeable retreat by the U.S. currency.

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