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    USD to EUR Forecasts

    Divergent expectations for inflation and interest rates between the eurozone and the US from last year continue in 2022.

    Updated: Aug 27, 2022  
     

    1 USD = 1.0455 EUR
    Sell USD  →  Buy EUR
    USD to EUR at 1.0463 is 5.5% above its 90-day average 0.9919 with range 0.9541-1.0465.
    |
      1 EUR = 0.9565 USD
     
    7-DAY+4.3%
    90-DAYHIGH

    USD/EUR outlook

    The European Central Bank surprised markets mid July when it increased interest rates by 50 basis points, the first rise in over a decade.

    Due to the Eurozone’s reliance on gas from Russia, the euro remains vulnerable with USD/EUR at a 20-year High at parity in August, whereas it had been 0.87 in early February before the start of Putin’s so called Russian ‘special miliary operation’ in Ukraine.

    DateUSD/EURChangePeriod
    13 Sep 2022
    1.0022
    4% 2 Week
    29 Jun 2022
    0.9573
    8.8% 3 Month
    27 Sep 2021
    0.8550
    21.9% 1 Year
    28 Sep 2017
    0.8488
    22.8% 5 Year
    29 Sep 2012
    0.7778
    34% 10 Year
    02 Oct 2002
    1.0158
    2.6% 20 Year
    USD/EUR historic rates & change to 27-Sep-2022

     

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    Factors that impact the Euro exchange rate

    The Euro surged 2.5 percent in early February after the Bank of England raised rates again and the ECB look to be not too far behind.

    Before this the Ukrainian crisis and its risks for European energy supplies had pushed the euro down towards 18 month lows of 1.12 against the US dollar.
    For the euro 2021 was a poor year against the greenback. At the start of last year EUR/USD was at the 1.2200 level ($1=.82€) but by June was being solidly sold off eventually finishing at 1.1300 by year end ($1=.89€).

    But to be fair, the market’s expectation for a rise in US inflation and thus interest rates has pushed up the USD exchange rate against most currencies.

     

    Major banks are forecasting the eurozone common currency to fall to $0.95 by the end of the year.

    This multi-year low for the euro vs the US dollar looks only to worsen as winter approaches; the short term news for the single currency is all negative.

     EUR Outlook


     

    The strength of the US dollar looks likely to continue when, at the annual Jackson Hole central banker’s getaway, Reserve Chair Jerome Powell said that the US central bank will ‘keep at it’ and is likely to keep raising interest rates to battle surging inflation.

    A clear reflection of this is that the US Dollar index (measure of the USD strength against basket of currencies) is approaching 20 year highs.

     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.