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    Euro market update

     

    The euro (EUR) has recently shown strength against the US dollar (USD), trading at 1.1162, which is 1.7% above its three-month average of 1.0973. This uptick in the euro’s value has been partly supported by a general weakness in the USD. However, market tensions rooted in the ongoing trade war and the US’s implementation of a 20% reciprocal tariff rate on EU goods have tempered optimism regarding further euro gains.

    Despite this upward movement in the EUR/USD pair, renewed concerns regarding transatlantic trade relations are casting a shadow on the euro’s potential. Investors are closely watching for remarks from European Central Bank (ECB) Vice-President Luis de Guindos, as any dovish signals could lead to a depreciation of the euro. The economic implications of geopolitical tensions, particularly from the war in Ukraine, continue to create fluctuations in the euro’s value, with factors such as energy supply disruptions and sanctions significantly impacting investor sentiment.

    BestExchangeRates.com keeps you up-to-date on Euro forecasts by collating the views of reliable FX forecasters and economists together with recent EUR price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.

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    News 2025-05-13

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    OFX vs Wise: Which Money Transfer Service Is Best For You in 2025

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    Best Multi-Currency Accounts

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