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    USD to EUR 2024 Forecasts

    Analysis of recent Dollar → Euro forecasts for 2024. We collate forecasts from respected FX analysts together with the latest US dollar to Euro performance and trends.

     

    Forecasts for USD to EUR

     

    Recent forecasts and market updates suggest a mixed outlook for the USD to EUR exchange rate in the near term. For the US dollar (USD), a decline in US inflation has weighed on the currency, leading to speculation of potential rate cuts by the Federal Reserve. Additionally, weaker retail data and signs of cooling in the US labor market have added pressure on the USD. However, strong CPI data could support the USD in May, although this could delay rate cuts until later in the year.

    On the EUR side, the euro has shown some resilience despite mixed economic data. While Eurozone inflation remains steady, recent GDP growth and industrial production figures have provided modest support for the euro. Expectations of an interest rate cut by the European Central Bank (ECB) in June could weigh on the euro, especially if inflation data remains subdued. The uncertainty surrounding the health of Germany's economy adds another layer of caution for euro investors.

    The USD to EUR exchange rate currently sits at 0.9201, slightly below its 3-month average, reflecting a stable range of trading between 0.9134 and 0.9417. With the euro also influenced by oil price movements, the recent decrease in oil prices has the potential to impact the EUR in the near future. As economists and analysts closely monitor upcoming inflation data and central bank decisions, a cautious approach is advisable for individuals and businesses engaging in USD to EUR transactions.

     
    @bestfxrates : 📉USD to EUR hovers at 0.9201 amid mixed signals. Declining US inflation & potential Fed rate cuts are pushing the USD down, while the EUR shows resilience with steady inflation & growth data. Upcoming ECB decisions may sway the rate. FX analysts recommend caution in trading. #CurrencyUpdate #USDEUR

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    USD to EUR Market Data

    US dollar (USD) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 USD =
    0.9192We compare provider deals to this wholesale mid-market rate. Read more
    EUR
    -0.1%
    1M
    USD to EUR at 0.9192 is just 0.7% below its 3-month average of 0.9261, having traded in a very stable 3.1% range from 0.9134 to 0.9417
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    Compare & Save - US dollar to Euro

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Euro (EUR) rates from different sources before making a conversion.

    Use our USD to EUR calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Dollar to Euro currency rates and the possible savings of using various providers.

     
    DateUSD/EURChangePeriod
    03 May 2024
    0.9287
    1% 2 Week
    17 Feb 2024
    0.9279
    0.9% 3 Month
    18 May 2023
    0.9281
    1% 1 Year
    19 May 2019
    0.8957
    2.6% 5 Year
    20 May 2014
    0.7299
    25.9% 10 Year
    22 May 2004
    0.8319
    10.5% 20 Year
    USD/EUR historic rates & change to 17-May-2024
     

    Will the US dollar rise against the Euro?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add USD/EUR to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.

     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more