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Euro To Dollar Exchange Rate Today: At its highest in a week

09:06 | 10/04/2020

The Euro To Dollar Exchange Rate Today April 10 closed at its highest in a week, while the coronavirus continues to develop with no economic comeback at sight

euro to dollar exchange rate today at its highest in a week Euro to dollar exchange rate is seen trading 0.7 pct higher
euro to dollar exchange rate today at its highest in a week Dollar exchange rate today: USD seems to be rallying on up-days in the stock market
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euro to dollar exchange rate today at its highest in a week
EUR to USD chart (Photo source: Trading View)

The euro to dollar exchange rate today closed at 1.09, its highest in a week. The American dollar tumbled this Thursday, as investors rushed into high-yielding equities. The euro vs dollar finally woke up and advanced to 1.09 after the US Federal Reserve announced it had taken additional easing measures through a plan to provide $2.3 trillion in loans to support the economy. Following Initial Jobless Claims soaring to 6606K in the week ended March 3, Powell said that the speed towards very high unemployment is “alarming,” although he added it will be temporary. He then added that the economic rebound after the ongoing coronavirus crisis “can be robust.”, reported by Benzinga.

euro to dollar exchange rate today at its highest in a week
EUR to USD stats (Photo source: XE.com)

The euro to dollar neared the 38.2% retracement of its latest daily advance at 1.09, the immediate resistance. The bullish potential seems limited, as the market has no real reasons to buy the shared currency, with gains always related to the dollar’s weakness. In the 4-hour chart, the pair offers a neutral-to-bullish stance.

euro to dollar exchange rate today at its highest in a week
EUR to GBP chart (Photo source: Trading View)

The EUR to GBP exchange rate closed at 0.88 today. The pound is vulnerable during crisis times. The sharp fall in GBP vs. the EUR in March indicates that the pound is vulnerable to a drop of investment flows during crisis times, according to economists at Rabobank.. For many overseas investors the risk of disorder at UK borders next year could threaten to lengthen what is likely to be a sharp UK recession this year on the back of the crisis lockdowns.

euro to dollar exchange rate today at its highest in a week
EUR to GBP stats (Photo source: XE.com)

The UK maintains a current account deficit while the Eurozone has a healthy surplus. The EUR, however, is far from immune to political uncertainty. Disagreements on the topic of debt mutualization threaten to re-open cracks in the bloc’s fragile coherence on fiscal issues.” On balance, we see EUR/GBP trading around 0.88 on a 3 month view, analyzed by FX Street.

euro to dollar exchange rate today at its highest in a week
EUR to AUD chart (Photo source: Trading View)

The EUR to AUD exchange rate closed at 1.73 today. EUR/AUD declined on Thursday as riskier currencies like Australian dollar continued to gain on cautious hopes that coronavirus pandemic is peaking. On top of hopes of a peak in the epidemic, commodity-linked currencies like Australian dollar got additional boost from hopes that major oil producing countries could agree to cut output. Selling pressure will remain in the short-term, only a move above 1.7641 strong resistance would indicate the weakness in the pair has run out. It is good to sell on rally around 1.74, with stop loss of 1.76 and target price of 1.70, reported by Econotimes.

euro to dollar exchange rate today at its highest in a week
EUR to AUD stats (Photo source: XE.com)

More Euro exchange rate today for reference

euro to dollar exchange rate today at its highest in a week
Exchange rate today on April 10

euro to dollar exchange rate today at its highest in a week Euro To Dollar Exchange Rate Today: Indecisive in advance of EU ministers' meeting

Euro To Dollar Exchange Rate Today April 9 is turning indecisive as the European Union finance ministers struggle to accord on a coronavirus economic rescue ...

euro to dollar exchange rate today at its highest in a week Dollar Exchange Rate Today April 9: Euro might suffer while exposed to downside pressure

The dollar exchange rate today has slightly moved downwards. According to analysts at Rabobank, the US dollar could continue to benefit on the coronavirus panic ...

euro to dollar exchange rate today at its highest in a week Dollar Exchange Rate Today gains as risk appetite taints dollar demand

The sharp decline in the stock market in March led investors to move to cash positions which led to a rally in the dollar exchange ...

Candy Lee