The euro strengthened above $1.17 on Tuesday helped by a better-than-expected business survey from the Eurozone, alongside broad dollar weakness as investors look forward to the first US presidential debate between Donald Trump and Joe Biden later in the day. Meanwhile, German data showed the country's consumer prices dropped in September, the most for over five-and-a-half years and more than expected. On Monday, ECB President Christine Lagarde warned that the public health crisis will "continue to weigh on economic activity and poses downside risks to the economic outlook". Last week, the euro touched a two-month low of $1.161 as concerns about a second wave of coronavirus infections in Europe sent traders rushing for safety.
Historically, the Euro Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro Exchange Rate - EUR/USD - Greece - data, forecasts, historical chart - was last updated on September of 2020.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.16 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.15 in 12 months time.