US EditionEUR/USD rallies with the Greenback undermined by the US trade chaos and debt woes
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The euro rose this Monday to about $1.1433, its highest level in more than five weeks, due to a weakening of the US dollar due to economic and geopolitical factors, as well as to divergent expectations of monetary policy between the US and the euro area. The dollar is under significant pressure due to continuing uncertainty about US trade policy. Customs duties on key products such as steel and aluminum are weighing international trade and under…
EUR/USD Rises to 4-Week High - Action Forex
As shown on the EUR/USD chart today, the euro rose to a 4-week high against the US dollar this morning. The euro’s strength relative to the US dollar is supported by traders’ expectations ahead of the ECB’s interest rate decision, scheduled for Thursday at 15:15 GMT+3. This upcoming event is notable not only because the […] The post EUR/USD Rises to 4-Week High appeared first on Action Forex.
Mediafax Euro has recently come to appreciate the US dollar, which makes travel more attractive in countries with dollar-based currencies. Currently, the exchange rate of EUR-USD is about $1.13 per euro, an increase of approximately 7% from US presidential elections. Along with Donald Trump's military policy, the main factor that has determined this evolution would be expectations for a faster reduction of the profits by the US Central Bank, FED…
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