The Euro to US Dollar (EUR/USD) exchange rate softened by around -1.02% on Friday afternoon.
After the Swiss National Bank removed its Euro cap, demand for safe-haven assets increased substantially. Thanks to its safe-haven qualities, the US Dollar appreciated despite fears that the recent succession of disappointing domestic data results eases pressure on the Federal Reserve to tighten monetary policy.
The common currency slumped versus all of its major peers following the shock move by the SNB. With the black cloud of quantitative easing looming overhead, the Euro is trending lower versus most of its rivals on Friday.
The Euro to US Dollar (EUR/USD) exchange rate is currently trending in the region of 1.1516.
Read more Click Here / www.trade4x.net
After the Swiss National Bank removed its Euro cap, demand for safe-haven assets increased substantially. Thanks to its safe-haven qualities, the US Dollar appreciated despite fears that the recent succession of disappointing domestic data results eases pressure on the Federal Reserve to tighten monetary policy.
The common currency slumped versus all of its major peers following the shock move by the SNB. With the black cloud of quantitative easing looming overhead, the Euro is trending lower versus most of its rivals on Friday.
The Euro to US Dollar (EUR/USD) exchange rate is currently trending in the region of 1.1516.
Read more Click Here / www.trade4x.net
No comments:
Post a Comment