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    USD to EUR Forecasts

    In Q2 2021 the Euro has re-gained strength versus the greenback, a reverse on Q1 where the reflation trade — an increase in US interest rates — had pushed up the USD exchange rate against most currencies.

    Forecasts Updated: Jul 27, 2021

    EUR/USD – Despite some heavy selling pressure, the Euro held a weekly low at 1.1754, settling at 1.1769 at the close on Friday. A week ago, EUR/USD finished at 1.1805. The overall firmer US Dollar and a dovish outcome from the ECB pressurised the shared currency. However speculative shorts on the bid provided strong support for the Euro.

     
    USD to EUR at 0.8426 has risen 1.1% above its 90-day average, range 0.8163-0.8495.
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    Euro to US dollar Forecasts

    The topside of the EUR/USD is now limited to 1.2000 and the risk is for a move to the next support at 1.1700. EUR Forecasts

    Last week saw the US Dollar slowly but surely grind its way higher against all its Rivals. USD Forecasts

    In May OFX see the euro could trading within a range of 1.17–1.22 USD against the US dollar, and against the pound between 0.8510–0.8735 GBP. Any positive news around the recent acceleration of vaccine roll-outs, lockdowns easing, or progress on the EU Recovery Fund could drive gains for the euro in the coming months.

    Goldman Sachs see the EUR/USD rate hitting 1.25 (USD/EUR below 0.80) in the next 3 months, up from their previous prediction of 1.21 dollars to the euro.

    ING see the ECB decision to lean against the rising bond yields as a positive for EUR/USD. They expect EUR/USD to move above 1.2500 this summer.

    Swiss bank UBS see the EUR/USD rate to rise near 1.27 (USD/EUR below 0.78) by the end of 2021 as the world recovers from the pandemic and has less need for USD as a safe haven.

    Other optimistic forecasters, believe the ECB’s support of the eurozone economy is working, they suggest a strong upside for the euro against the U.S. dollar this year and that EUR/USD will test new highs in 2021.

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    USD to EUR Exchange Rates – Compare and Save

     

    What is a good USD to EUR exchange rate?

    Whether the euro will rise or drop in the future against the US dollar is a difficult question and the answer really depends on many factors. The best way to consider the current USD-EUR relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.

    USD/EURChangePeriod
    23 Jul 2021
    0.8495
    0.8% 1 Week
    30 Jun 2021
    0.8433
    0.1% 30 Days
    01 May 2021
    0.8320
    1.3% 90 Days
    30 Jul 2020
    0.8423
    0% 1 Year
    31 Jul 2016
    0.8953
    5.9% 5 Years
    02 Aug 2011
    0.7038
    19.7% 10 Years

    USD/EUR rate change to 30-Jul-2021 → 0.8426

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