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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 into 2022.

    Updated: Jan 13, 2022  
     

    1 USD = 0.8830 EUR
    Sell USD  →  Buy EUR
    USD to EUR at 0.8827 is 0.5% above average of its 90-day range 0.8560-0.8929.
    |
      1 EUR = 1.1325 USD
     
    1-DAY+0.7%
    60-DAYLOW4d

    USD/EUR outlook

    For the euro 2021 was a poor year against the greenback. At the start of the 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.

    USD/EUR wasChangePeriod
    0.8863
    04 Jan 2022
    0.4% 2 Weeks
    0.8581
    20 Oct 2021
    2.9% 90 Days
    0.8280
    18 Jan 2021
    6.6% 1 Year
    0.9382
    19 Jan 2017
    5.9% 5 Years
    0.7741
    21 Jan 2012
    14.1% 10 Years
    1.1351
    23 Jan 2002
    22.2% 20 Years
    USD/EUR change over periods to 18-Jan-2022

     

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    The Euro – General Info

    In 2021 the Euro mostly dropped versus the greenback, except for Q2.

    The euro (ISO: EUR) is involved in slightly more than 30% of all foreign exchange deals, and as such, is the world’s second most traded currency, behind the US dollar.

    The euro is the currency of the eurozone (officially called the ‘euro area’), which consists of 19 of the 28 member states of the European Union, and is used by almost 350 million Europeans. It was introduced in January 1999.

    Of all the thousands of exchange rates that exist in the world, the euro-to-US dollar exchange rate is the most actively traded, or most ‘liquid’.

    Since its introduction, the euro’s lowest value against the dollar came in October 2000 when EUR/USD hit lows of 0.8231. The currency was strongest in July 2008, shortly before the worst stage of the 2007-2009 financial crisis, when EUR/USD reached 1.6038.

    There are currently more than twenty nations and territories which peg their currencies to the euro, the largest of which is Denmark.

     

     

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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.