February 28, 2024 – Written by John Cameron
Leave a comment STORY LINK Euro to Dollar Outlook: “Scope for more broad-based USD strength”
The Euro to Dollar exchange rate (EUR/USD) was unable to hold above 1.0850 on Tuesday and edged lower later in the day despite weaker-than-expected US data.
EUR/USD retreated further to test 1.0800 on Wednesday with markets expecting near-term inflation data to support the US currency. The dollar also gained an element of defensive support as equity markets lost ground.
Month-end positioning, risk conditions and inflation…
Read More
