Euro to dollar today’s exchange rate: 2019 Euro To US Dollar Exchange Rate Forecasts: Roundup Of EUR/USD Predictions After ECB Surprise Markets

“The market was expecting GDP forecasts to be lowered to possibly show 1.3% growth annually” said analysts at AFEX. “However, when the ECB lowered them to 1.1%, produced a dovish statement and then announced that the TLRTO loans would be made available in September, the market interpreted this as signalling that the ECB was more worried about the economy than previously thought. In his opening statement, ECB President, Draghi, said that the ECB decision on loans to banks was aimed at lifting inflation. This encouraged more euro sellers, as EURUSD broke both its 2018 and 2019 lows to end the day 1.3% lower.”

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