Euro to dollar exchange rate history 2019: EUR/USD Week Ahead Forecast: Trend Flips Lower Again

“EUR/USD will trade heavy around 1.1100 on expectations of more aggressive ECB easing. On Thursday, the Eurozone August manufacturing PMI is projected to dip deeper in contraction territory and the services PMI is expected to point at a further growth slowdown in the services sector. Nevertheless, the Eurozone’s large current account surplus (June data released 9am London time) offers EUR important underlying support especially in the current environment of high or rising risk aversion,” says Kim Mundy, a strategist with CBA .

Leave a Reply

Your email address will not be published. Required fields are marked *