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Euro US Dollar Exchange Rate Nears Monthly Best as Fed Bets Fade euroexchangeratenews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euroexchangeratenews.co.uk Daily Mail and Mail on Sunday newspapers.
April 8, 2021 - Written by Ben Hughes Despite hitting its best levels in over a year this week, the British Pound to Japanese Yen (GBP/JPY) exchange rate has plummeted since then, shedding most of the gains seen over the past month in a matter of days. A combination of factors are helping the previously weak Japanese Yen to capitalise against this week’s broad Pound weakness. Unless there is a shift of market sentiment over the coming day, the Pound could remain jittery unless next week’s UK growth data impresses investors. Due to strong currency movement and market sentiment, GBP/JPY has seen huge movements in recent weeks. Last week saw GBP/JPY surge from 151.17 to 153.08 - a massive gain of almost two Yen. ....
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. ....
Euro US Dollar Exchange Rate Tumbles despite Forecast-Beating Eurozone GDP Investors continued to sell the Euro US Dollar (EUR/USD) exchange rate today. As Eurozone coronavirus jitters persist, the Euro (EUR) is recoiling from its best levels while its rival the US Dollar (USD) rebounds from its lows. Since hitting impressive highs in January, EUR/USD has been gradually trending lower in recent weeks. Last week saw EUR/USD slip from the level of 1.2171 to 1.2137 throughout the week. EUR/USD has seen even sharper losses this week already though, with the pair losing over half a cent yesterday and falling even further today. ....
Euro Pound Exchange Rate Advancing as Eurozone PMIs Less Disappointing than UK Despite economic recovery hopes and market sentiment boosting the Pound (GBP) in the middle of the week, the Euro Pound (EUR/GBP) exchange rate has seen a strong recovery over the past day. The pair continues to climb on Friday and may sustain gains this week. Since opening this week at the level of 0.8890, EUR/GBP has seen mixed movement. Yesterday, the Pound’s strength pushed EUR/GBP lower to a four-month-low of 0.8832. EUR/GBP has been recovering and advancing again since last night though. At the time of writing on Friday afternoon, EUR/GBP is trending near the level of 0.8940. This isn’t far below the week’s best levels. ....