November 17, 2021

Looking to Stabilise as Dollar Mood Dominates

– EUR/USD looks for a footing as USD’s rally ebbs
– Optimistic Fed views set high bar for USD gains
– Key U.S. data, IMF report & EUR inflation loom
– EUR/USD support at 1.18, underpinned by 1.17

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  • EUR/USD reference rates at publication:
  • Spot: 1.1940
  • Bank transfers (indicative guide): 1.1523-1.1600
  • Money transfer specialist rates (indicative): 1.1830-1.1860
  • More information on securing specialist rates, here
  • Set up an exchange rate alert, here

The Euro-to-Dollar exchange rate enters the new week with more work to do in order to draw a line under its June sell-off but with the market’s optimistic outlook for Federal Reserve (Fed) policy setting a high bar for further Dollar gains, the Euro could yet stabilise over the coming days.

Europe’s single currency appeared to arrest a Fed-induced sell-off last week when turning higher from around the 1.1850 level and…

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