According to Jeremie Peloso, Chief Europe Strategist at financial advisory firm BCA Research, the euro is in the early stages of a multi-year bull market that could eventually take EUR/USD to 1.40.
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Further euro appreciation could weaken eurozone economy — Bloomberg
Strengthening of the euro may have a negative impact on the European Union's economy, Bloomberg columnist Marcus Ashworth says. A strong euro can slow down the already anemic recovery of EU GDP, he emphasizes.
2 July
European Central Bank (ECB) officials are worried that the euro's rapid rise could derail the regulator's efforts to keep inflation at 2%. The currency has already gained 14% against the dollar this year, according to Bloomberg.
2 July
In today's interview with Bloomberg, European Central Bank (ECB) Vice President Luis de Guindos raised the issue of the euro's appreciation. He said that the EU currency's growth above the level of $1.2 is undesirable and could trigger further rate cuts.
1 July
ECB’s Vice President forecasts almost zero growth in eurozone economy from April to September
European Central Bank (ECB) Vice President Luis de Guindos stated that the eurozone economy is slowing due to high uncertainty in international trade. GDP growth may nearly stall in the second and third quarters.
1 July
EU willing to accept US trade agreement with exemptions — Bloomberg
The European Union (EU) is prepared to approve a trade agreement with the United States that would impose a 10% tariff on many of the bloc’s exports. But EU demands reduced rates for key sectors including pharmaceuticals, alcohol, semiconductors, and commercial aircraft, Bloomberg reports.
1 July
ECB’s Simkus expects reduction in interest rates by regulator towards year-end
According to a statement by ECB official Gediminas Simkus to Reuters, another interest rate cut will most likely occur later this year. He justifies his position by citing the financial regulator's lack of information, including trade outlook data.
1 July
An increase of the indicator value may contribute to the rise in quotes of EUR.
1 July
An increase of the indicator value may contribute to the rise in quotes of EUR.
1 July
An increase of the indicator value may contribute to the rise in quotes of EUR.
1 July
No change of the indicator value may reduce the volatility of the related markets.
1 July
The European currency is one of the world's major monetary units. It has a crucial role to play in the global economy. Market participants constantly need to identify trends and forecast fluctuations in the euro exchange rate in order to make reasonable trading decisions.
Key drivers of the euro are the following:
- Macroeconomic indicators such as consumer price indices (CPI), estimates of gross domestic product (GDP), and central bank decisions;
- Political variables such as geopolitical stability and government policies.
Market manipulation by large investors has a significant impact on the exchange rate of the European currency. Their actions can both stabilize and greatly shake the money market. These may include:
- large injections or withdrawals of currency from the market;
- change in the general mood among investors, which often depends on economic and political conditions.
Investment activity monitoring can help to understand and predict trends in the movement of the European currency rates.
Forecasting the value of the euro is a challenging task. There are many reasons for this, including geopolitical and economic risks that make foreign exchange markets particularly susceptible to change. Minor political instability or financial crisis in certain countries may have a significant impact on the value of the European currency, emphasizing the need to carefully consider these factors when developing investment strategies.
Successful trading the Eurozone currency requires a comprehensive approach. Analyzing global political and economic circumstances, taking into account the influence of traders, and assessing risks are integral parts of the decision-making process for opening trading positions.
