Euro to US Dollar (EUR/USD) Exchange Rate Trends around Opening Levels
As trading progressed and the knee jerk reaction to the US retail sales numbers wore off, the Euro to US Dollar (EUR/USD) exchange rate gave up almost all of its previous gains.Although the sales report was much worse than anticipated, some industry experts are blaming sliding oil costs for the result, and many don’t see the data as damaging enough to prevent a first-quarter hike in borrowing costs from the Federal Reserve.
The Euro to US Dollar (EUR/USD) exchange rate is trading in the region of 1.1791.
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