EUR/USD (EURUSD=X)
| Previous Close | 1.0444 |
| Open | 1.0444 |
| Bid | 1.0460 |
| Day's Range | 1.0436 - 1.0460 |
| 52 Week Range | 1.0352 - 1.1911 |
| Ask | 1.0455 |
- Reuters
Euro under pressure as inflation fears send investors to dollar haven
The euro struggled to regain a footing on Thursday, having tumbled overnight against a resurgent U.S. dollar, which benefited from safe-haven demand on renewed worries about higher rates and a global recession. It also dropped to a fresh 7-1/2-year low versus the Swiss franc at 0.99663 francs, with the Alpine currency another beneficiary of safe-haven flows and also still basking in the afterglow of the Swiss National Bank's surprise rate cut two weeks ago. Christopher Wong, senior FX strategist at Maybank, attributed the euro's fall against the dollar to the market moving away from riskier assets after "central bankers warned of lasting inflation and that they would prioritise combating (it), resulting in broad dollar rebound overnight."
- FX Empire
EUR/USD Price Prediction – U.S. Dollar Moves Higher Despite Weak GDP Report
EUR/USD traders have also had a chance to take a look at the inflation data from Germany and Spain.
- FX Empire
EUR/USD Price Forecast – The Euro Hovers Above 1.05
The Euro has gone back and forth during the session on Wednesday as the 1.05 level continues to attract a lot of attention in both directions.
