Euro to US Dollar Exchange Rate Rangebound as Safe-Haven Demand Increases as Covid-19 Cases Rise Worldwide
January 12, 2021 - Written by John Cameron EUR/USD Exchange Rate Steady as Demand for ‘Greenback’ Steadily Rises The Euro to US Dollar (EUR/USD) exchange rate held steady today, with the pairing currently trading around $1.215. The US Dollar (USD) failed to gain against the single currency today despite demand for the safe-haven ‘Greenback’ rising. Investors are becoming more concerned about rising numbers of Covid-19 worldwide. Additionally, US political uncertainty and speculation that the Federal Reserve is reluctant to commit to further economic stimulus are boosting demand for t...
Source: currencynews.co.uk