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US Dollar Markets

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

USD / EUR – 90 Day Trend
Sell USD – Buy EUR
ALERT:4-DAY2.3% 🔔|
USD/EUR at 0.9159 was trading 1.1% above AVG:0.9058 with LO:0.8739 and HI:0.9381 (90 days). ALERT: USD/EUR is UP 2.3% this 4-DAY period.

See all USD rates


Latest FX Provider Reviews

TransferWise Money Transfers – Review
OFX 2019 Review – Foreign transfers with OFX compared
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