The euro pulled off quite a coup against its main counterparts last week. The only exception was the EUR/GBP pair, which entered a consolidation phase and fell by 1.36%. The EUR/USD pair crossed the 1.18 threshold and even tried a breakaway above 1.19. The most traded pair on the foreign exchange ma...
August 2020 - Monthly Economic Outlook
Gain an overview of the latest developments on the currency market and anticipate fluctuation risks.
The sky’s the limit as the euro heads for 1.17 over the summer period
It was another crazy week for the single currency, which ended in the black week on week against its main rivals. The largest gain — around 1.58% — was made against the US dollar, while the month-on-month increase reached as high as 3%.
Crazy week for the euro
The European single currency experienced a strong surge against its major counterparts last week, fuelled by the stock markets’ impressive performance. This may be explained, on the one hand, by a decrease in risk aversion, as well as traders’ positive perception of economic dynamics in the eurozone...
Comeback Kid in forex country
Emerging countries are suffering disproportionately from the Covid-19 pandemic. This is reflected by huge drops in the Russian rouble and the Mexican peso, among others. The question remains, which currency will take off once again in the second half of this year?
EUR/GBP: heading for 0.92 this summer
The EUR/GBP pair is trading in the black. Up 0.37% this month, with a three-month rise of nearly 3%, not to mention a leap of almost 6% since the beginning of the year. The euro’s rise can be explained more by the floundering pound due to Brexit-related uncertainties than by any long-term return of ...
