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Euro To Dollar Exchange Rate Today up as markets more willing to take risks

15:08 | 08/04/2020

As Eurozone officials finally started to show progress on broad fiscal stimulus plans, the Euro to Dollar exchange rate today was able to more easily benefit from market sentiment today. The US Dollar (USD) is weaker as investors sell safe haven currencies. (Euro Exchange Rate News)

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euro to dollar exchange rate today up as markets more willing to take risks
Photo source: XE.com

As Eurozone officials finally started to show progress on broad fiscal stimulus plans, the Euro to Dollar exchange rate was able to more easily benefit from market sentiment today. The US Dollar (USD) is weaker as investors sell safe haven currencies. (Euro Exchange Rate News)

Following weeks of shockingly huge movement, euro to dollar movement is a little lighter this week. EUR/USD plummeted last week at closed the week at the level of 1.08.

euro to dollar exchange rate today up as markets more willing to take risks
Photo source: XE.com

Euro to dollar is showing some recovery today. At the time of writing, Euro vs dollar is over half a cent higher in the region of 1.09.

The pair could be in for even further gains if the market outlook continues to improve though. If investors are impressed with EU fiscal stimulus measures the Euro’s (EUR) support will strengthen. Meanwhile, risk-sentiment remains sensitive to the overall coronavirus pandemic situation, according to Euro Exchange Rate News.

euro to dollar exchange rate today up as markets more willing to take risks
Photo source: XE.com

The pound to euro exchange rate saw a boost yesterday as experts suggested coronavirus rates may be slowing on a global scale. However, such growths came to a halt upon the Prime Minister's admission to hospital.

Over the course of this afternoon, the condition of the Prime Minister has worsened and, on the advice of his medical team, he has been moved to the Intensive Care Unit at the hospital

The news had an instant knock-on effect for the pound, which had previously been gaining ground amid expert comment that the infection rates of the virus appeared to be slowing on a global scale, Express reported

The euro is currently trading at a rate of 0.88 against the pound.

euro to dollar exchange rate today up as markets more willing to take risks
Photo source: Tradingview

EUR to AUD closed at 1.77 today. Intraday bias in EUR/AUD stays on the downside as correction is extending. We’d expect downside to be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.8124 minor resistance will turn bias to the upside for retesting 1.9799 high. However, sustained break of 1.7504 will pave the way to 1.6085/6593 support zone, analyzed by Action Forex.

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

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Candy Lee