EUR/USD Exchange Rate Continues to Tumble as US Dollar Capitalises on Rival Weakness
The US Dollar (USD) continues to rally today, continuing to push the Euro to US Dollar (EUR/USD) exchange to its worst levels in two months. The pair has seen a sharp recoil as the US Dollar benefits from weakness in its biggest rival, the Euro (EUR).
Since opening this week at the level of 1,2137, EUR/USD has been trending sharply lower as the US Dollar continues its rebound rally.
As of Thursday afternoon, EUR/USD has shed over a cent and a half and trends in the region of 1.1967. This is the worst level for EUR/USD in two months, since the beginning of December.