The euro strengthened to $1.167 in afternoon trading on Monday helped by broad dollar weakness and as ECB President Christine Lagarde testified to the Committee on Economic and Monetary Affairs of the European Parliament. Lagarde warned that the Eurozone economic recovery is highly dependent on the evolution of the COVID-19 pandemic and the success of containment policies, and 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 - Slovenia - 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.