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    USD to EUR Forecasts

    In 2021 the Euro has mostly dropped versus the greenback, except for Q2, mainly due to the expectation of inflation and an increase in US interest rates. This has pushed up the USD exchange rate against most currencies.

    Updated: Oct 09, 2021  

    1 USD = 0.8586 EUR
    Sell USD  →  Buy EUR
    USD to EUR at 0.8587 is 0.8% above its 90-day average, range 0.8412-0.8672.
      1 EUR = 1.1646 USD

    USD/EUR outlook

    In September, Olaf Scholz’s Social Democrat Party narrowly won the German election. The longer negotiations and political uncertainty drag on, the greater downward pressure will be felt by the euro.

    In addition should risk sentiment remain fragile, there could be continued demand for USD as a safe haven. Therefore, USD/EUR could gain higher.

    USD/EUR wasChangePeriod
    04 Oct 2021
    0% 2 Weeks
    20 Jul 2021
    1.5% 90 Days
    18 Oct 2020
    0.9% 1 Year
    19 Oct 2016
    5.5% 5 Years
    21 Oct 2011
    19.4% 10 Years
    23 Oct 2001
    23.4% 20 Years
    USD/EUR change over periods to 18-Oct-2021


    Euro to US dollar Forecasts

    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.

    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 Outlook

    The USD had a strong month in September, outperforming all the G10 currencies. The gains can be attributed to more ‘hawkish’ commentary from the US Federal Reserve, especially in comparison to the European Central Bank.

    According to OFX the USD trend for October is unclear.

    USD Outlook

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    Posted under: #Forecasts #EUR #USD

    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.