October 28, 2020 20:54 | About us
Language: Tiếng Việt | ພາ​ສາ​ລາວ | ខ្មែរ | русский | 中文

Euro to dollar exchange rate is seen trading 0.7 pct higher

19:09 | 07/04/2020

The Euro to dollar exchange rate rose today, while the EUR to AUD slightly declined. 

euro to dollar exchange rate higher for today Vietnamese, Indian young officers bolster exchange
euro to dollar exchange rate higher for today Coronavirus outbreak forces Vietnamese, Chinese border resident exchange reschedule
euro to dollar exchange rate higher for today 13 Vietnamese youths join international exchange programme in India
euro to dollar exchange rate is seen trading 07 pct higher
Photo source: XE.com

The Euro-to-dollar exchange rate is seen trading 0.7pct higher on the day, quoted at around 1.09 on Tuesday, April 7.

According to Marc-André Fongern from Fongern Global Forex, "The USD is losing ground again as demand for safe-haven currencies is declining for the time being. Markets are expecting the virus to spread at a noticeably slower pace, so the focus is gradually shifting towards finding any glimmer of hope. Currently, the focus is on the spread of the virus and the death rate, i.e. any decline in the numbers increases the willingness to take risks. However, excessive optimism would be entirely inappropriate as the peak of abysmally poor economic data is far from being reached."

euro to dollar exchange rate is seen trading 07 pct higher
Photo source: Tradingview

The Pound to Euro (GBP / EUR) exchange rate edged higher today, with the pairing currently trading around € 1.13, and 1 EUR = 0.88 GBP.

The Euro (EUR) has continued to struggle this week.The single currency is also suffering from rising divisions within the European Union, with Germany and the Netherlands - along with other northern states - rejected Italy and Spain's request for 'coronabonds', a joint debt system to help aid Europe's most heavily hit nations.

The Pound (GBP) edged higher against the Euro (EUR) today after Prime Minister Boris Johnson, who was recently admitted to hospital to recover from a coronavirus diagnosis, has been said to be in a 'comfortable' state and is soon set to return to Downing Street.

Initially the Pound fell after the news of the PM’s rush to hospital, but with the diagnosis being mild and things set to return to normal in the near-term, the GBP / EUR exchange rate has edged higher.

euro to dollar exchange rate is seen trading 07 pct higher
Photo source: XE.com

The EUR to AUD exchange rate saw a decline on 7 April, closed at 1 EUR = 1.75643 AUD. The Australian Dollar is seen gaining in value at the start of the new week. This is coming amidst an ongoing improvement in global stock markets, but innovated at a leading European investment bank remain bearish on the currency's outlook noting the current improvement in sentiment is potentially conscious to last. Such pressures should translate into EUR/AUD.

Today, Euro exchange rate against VND listed at banks continues to decrease compared to yesterday.

BIDV decreased VND 47/purchase price and decreased VND 49/EUR selling price, at 25,122 - 25,955 VND/EUR. Vietcombank decreased by 40.41 VND/EUR purchase price and decreased 42.33 VND/EUR selling price, at 24,791.61 - 25,976.62 VND/EUR.

euro to dollar exchange rate higher for today Vietnamese banks raise online saving interest rates to attract customers

To stimulate the demand for online money deposit amid the COVID-19 pandemic, many banks in Vietnam have offered customers higher interest rates for online savings ...

euro to dollar exchange rate higher for today Grab and other ride-hailing platforms in Vietnam can now operate as legal businesses

From April 1, Decree No.10/2020/ND-CP is officially in effect, replacing Decree No.86/2014/ND-CP. This means that the government has decided to legalise Grab and other ride-hailing services ...

euro to dollar exchange rate higher for today Overseas investment activities operated by Vietnamese enterprises: Sees slowdown

Overseas investment activities operated by Vietnamese enterprises endured a considerable slowdown during the first quarter of 2020 with outward investment totaling US$49 million since the ...

Candy Lee

Exchange Rate/Vinanet