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    Euro Forecasts for 2021

    Longterm forecasts for the euro change all the time, affected by news events and relative sentiment towards the overall Eurozone economy. This continually updated article reviews EUR bank forecasts and popular cross-rate trends.

    Updated: Oct 09, 2021  
     

    1 EUR = 1.1650 USD
    Sell EUR  →  Buy USD
    EUR to USD at 1.1647 is 0.8% below its 90-day average, range 1.1531-1.1888.
    |
      1 USD = 0.8583 EUR
     
    14-DAYHIGH

    Euro outlook

    Dollar strength and German political uncertainty sees the Eurozone single currency on the decline and at 1 YEAR LOWS versus the greenback touching the 1.15 level vs the greenback.

    There will be a close eye kept on Eurozone inflation data on October 29, any upside surprise could support the euro.

    EUR/USD wasChangePeriod
    1.1619
    04 Oct 2021
    0.1% 2 Weeks
    1.1783
    20 Jul 2021
    1.4% 90 Days
    1.1717
    18 Oct 2020
    0.9% 1 Year
    1.0975
    19 Oct 2016
    5.8% 5 Years
    1.3863
    21 Oct 2011
    16.2% 10 Years
    0.8899
    23 Oct 2001
    30.5% 20 Years
    EUR/USD change over periods to 18-Oct-2021

     

    Will the Euro Weaken or Strengthen?

    You can also read our full Foreign Exchange Guide to the Eurozone.

    GBP to EUR

    GBP to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to EUR at 1.1820 is 0.9% above its 90-day average, range 1.1568-1.1858. GBP/EUR Rates

    The pound sunk in late September to but has recovered after Boris called the army out to drive the fuel trucks.

    The outlook for the pound for October is very uncertain due to rising inflation, slowing growth and unemployment, the combination of which could create a nightmare scenario for the Bank of England Monetary Policy Committee.

    OFX predict the GBP could range between 1.14 – 1.18 EUR in October.

    GBP-EUR Outlook

    AUD to EUR

    AUD to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to EUR at 0.6395 has risen 2.5% above its 90-day average, range 0.6095-0.6397. AUD/EUR Rates

    Changing expectations around US Federal Reserve policy and a less positive outlook for global growth have weighed on the Aussie to Euro rate this year.

    However, increased gas prices heading into the northern winter have helped the AUD/EUR rate to rise back above the 0.63 level.

    AUD-EUR Outlook

    CAD to EUR

    CAD to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsCAD to EUR at 0.6954 has risen 2.7% above its 90-day average, range 0.6650-0.6971. CAD/EUR Rates

    CAD/EUR has risen to 0.69 as the energy crisis hurts the euro and helps the gas and oil exporting Canadian dollar. CAD-EUR Outlook

     

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    Posted under: #Forecasts #EUR

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.