The Euro to Dollar exchange rate is trading around 1.1440 after remaining relatively resilient through July, but HSBC expects renewed US Dollar strength to weigh on EUR/USD over the coming months. HSBC argues that the recent Dollar recovery reflects a combination of resilient US growth, interest-rate expectations and the relative.
Euro falls as strong US jobless claims support US Dollar
The latest trading sessions have not been fully decisive for short-term euro movements. For now, EUR/USD continues to show a lack of clear direction, after gaining close to 0.4% during the previous session but posting an average decline of -0.23% in the current session.
The key risk for euro bulls is that a prolonged energy shock eventually shifts the market's focus away from higher interest rates and back toward recession risks.
Euro turns upside down as US Dollar bounces back
Euro: Bullish bias builds above key support against US Dollar – UOB
EUR/USD was tumbling from April through June but more recently, sellers have been stalled. Are they just waiting for the next.
Euro picks up favoured by a weaker US Dollar but remains within previous ranges
Euro: Range-trading bias around recent highs against US Dollar – UOB
EUR/USD Price Forecast: Bulls remain cautious below 23.6% Fibo. and 1.1470 hurdle
A medida que comienza la semana de negociación, el euro vuelve a mostrar un sesgo alcista de corto plazo después de la publicación de los datos de inflación en Estados Unidos, que han ayudado a relajar la fuerza del dólar estadounidense.
As the trading week begins, the euro is once again showing a short-term bullish bias after the release of inflation data in the United States, which has helped ease strength around the U.S. dollar.