The euro touched $1.183 on Friday, not far from an over two-year high of $1.192 reached last week, as the greenback remained under pressure amid a lack of progress in US relief package negotiations and weaker than expected retail trade data. Meanwhile, data showed the Eurozone employment dropped the most on record during the second quarter due to the pandemic.
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 - Spain - data, forecasts, historical chart - was last updated on August of 2020.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.18 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.17 in 12 months time.