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US Dollar to Euro (USD/EUR) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: September 7, 2024 (3:33)
Reverse forecast: EUR to USD
US Dollar / Euro price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 US Dollar (USD) to Euro (EUR) | 90.3 | 90.1 | 88.8 | |
| 200 US Dollar (USD) to Euro (EUR) | 180.6 | 180.3 | 177.5 | |
| 500 US Dollar (USD) to Euro (EUR) | 451.5 | 450.7 | 443.8 | |
| 1000 US Dollar (USD) to Euro (EUR) | 903 | 901.3 | 887.5 | |
| 3000 US Dollar (USD) to Euro (EUR) | 2709.1 | 2704 | 2662.6 |
How much will the USD/EUR currency pair cost in 2024, 2025 and 2026? What is the forecast for the USD/EUR currency pair? What is the target price of the US Dollar / Euro currency pair for 2024-2026?
We continuously scrutinize the key events in the news flow to assist you in tackling the essential question: Will the US Dollar rise or fall against the Euro?
Identifying the trend of the USD/EUR currency pair
Recently emerging financial narratives indicate a mixed outlook for the USD-EUR exchange rates. The bearish sentiment towards the USD, as reflected in a heightened negative sentiment score from macroeconomic anticipations, suggests a potential downturn. Key factors like prospective interest rate adjustments by the Federal Reserve and market volatilities are critical influences, reflecting cautious investor sentiments.
Conversely, the EUR exhibits a moderate bullish outlook, particularly supported by strong forex reserves and favorable economic indicators within the Eurozone. Developments such as robust European corporate performances and strategic financial moves, including successful bond issuances, buttress this positive sentiment, fostering investor confidence in the EUR.
However, the modest recovery in USD strengths should not be disregarded. It remains crucial to monitor pivotal US economic metrics that might shift current anticipations, contributing to potential stability amidst existing weaknesses.
Investors should expect ongoing fluctuations in the USD-EUR pair during the forthcoming quarters, driven by both European economic improvements and US monetary policy shifts. Vigilant monitoring of geopolitical and economic developments is advised to effectively navigate this environment.
Historical and forecast chart of the US Dollar/Euro currency pair
The chart below shows the historical quotes of the USD/EUR pair and the forecast chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the US Dollar/Euro rate can be found in the table below.
Long-term forecasts by years.
USD Trend Prediction
As of now, Panda has analyzed 55 news pieces concerning the USD currency. The average relevance score for these news items is 0.38 (with the closer to 1 being more relevant).
The overall news trend for the USD currency is Neutral
with a coefficient of -0.01
(the closer to 1, the stronger its impact on the trend).
(the closer to 1, the stronger its impact on the trend).
Opinion | Bretton Woods faces pressure for reform from Global South
September 6, 2024 (14:30)
Trend: Somewhat-Bullish
Influence: 0.27
The call for reforms by the Global South highlights systemic flaws within the current global financial framework, suggesting potential volatility in international financial markets. This movement towards equitable financial practices is initially seen as somewhat bullish for USD, reflecting a cautious optimism in maintaining economic stability.
Bitcoin Price Hits One-Month Low Following Misleading U.S. Jobs Data
September 6, 2024 (14:28)
Trend: Neutral
Influence: 0.1
The slight volatility in USD exchange rates is likely due to traders adjusting their positions amidst misleading employment data, which can create uncertainty in economic forecasts. Though the direct impact on the USD appears neutral, fluctuations in major cryptocurrencies like Bitcoin can indirectly influence market sentiments and investor behavior.
Wall Street Relieved by Strong August Jobs Report, Eases Recession Concerns and Boosts USD Confidence
September 6, 2024 (14:03)
Trend: Neutral
Influence: 0.03
The USD exchange rate is slightly affected as the neutral sentiment reflects a balance between relief over steady economic data and ongoing cautiousness. The resilience indicated by the August jobs report eases recession fears, stabilizing the dollar, albeit with a minor positive shift.
INR Slightly Improves as USD Weakened by Overseas Market Trends
September 6, 2024 (11:49)
Trend: Neutral
Influence: -0.14
The reported decline in the US dollar index, reaching a one-week low, is attributed to market anticipation of the upcoming US jobs data, leading to uncertainty and caution among investors. This sentiment has resulted in a marginal dip in the USD exchange rate, despite a generally neutral market stance.
Global Markets Falter; Oil Prices Low and Dollar Weakens Further
September 6, 2024 (10:48)
Trend: Bearish
Influence: -0.4
The weakness in the USD can be attributed to mixed market closures and heightened caution among investors regarding key jobs data. With the Federal Reserve's upcoming decisions likely influenced by this data, uncertainty over interest rate changes is adding downward pressure on the dollar.
Chinese Stocks Decline Following Central Bank Remarks
September 6, 2024 (10:19)
Trend: Somewhat-Bearish
Influence: -0.22
The recent data indicating a significant slowdown in U.S. private sector job growth has contributed to the weakening of the USD against other currencies. This downturn in job growth suggests potential challenges for the U.S. economy, prompting concerns and affecting investor confidence in the USD.
Significant Decline in Market Indices as Nifty Falls Below 24,850
September 6, 2024 (09:03)
Trend: Neutral
Influence: 0.1
The substantial declines in the Indian stock market indices can lead to increased investor caution, potentially affecting the demand for the USD as a safe-haven currency. Despite this, the neutral sentiment score suggests that the impact on the USD's exchange rate is not substantial, possibly due to external factors maintaining its stability.
Dollar Declines to One-Week Low as Markets Await US Jobs Data
September 6, 2024 (08:57)
Trend: Neutral
Influence: -0.1
The drop in the US dollar index reflects the cautious sentiment among investors awaiting the release of US employment data, which could provide insights into economic health and influence Federal Reserve policy. The market's anticipation of this critical data contributes to uncertainty, causing the USD to experience slight depreciation.
Euro Steadies at Recent High Amid Focus on US Employment Figures
September 6, 2024 (06:59)
Trend: Neutral
Influence: 0.13
The anticipation of upcoming US jobs data has resulted in the Euro holding its recent gains, reflecting a more cautious sentiment towards the USD as investors assess economic indicators. The neutral sentiment score suggests that while the data may not drastically move the USD, it remains an important factor for market participants.
Indian Rupee Ranks as Second-Worst Among Asian Currencies Against USD in August
September 6, 2024 (06:23)
Trend: Neutral
Influence: -0.03
The depreciation of the Indian rupee relative to the US dollar indicates a weaker performance among Asian currencies, potentially impacting economic transactions and bilateral trade. Despite the rupee's decline, the overall sentiment towards the USD remains neutral, suggesting that other global economic factors may also be at play.
Stablecoin Surge Attracts Trump, Ripple, and Wyoming: Analyzing the Digital Asset Buzz
September 6, 2024 (06:01)
Trend: Neutral
Influence: -0.12
The new wave of stablecoin launches suggests increased competition and innovation in the digital asset space, which may threaten the traditional dominance of the USD in foreign exchange markets. As these digital currencies gain traction, concerns about reduced demand for traditional currencies like the USD can result in decreased exchange rates.
Rupee Gains 2 Paise to Open at 83.95 Against the USD in Early Trade
September 6, 2024 (04:36)
Trend: Somewhat-Bearish
Influence: -0.18
The slight rise in the Rupee against the USD is largely due to the weakened position of the dollar against major global currencies. However, the impact is neutralized by factors such as increasing international crude prices and a sell-off in domestic markets, thus showing a somewhat bearish sentiment towards the dollar.
Crypto Trader Foresees Strong Bitcoin Rise, Disregards Crash Fears; Doubts Meme Coins' Importance
September 5, 2024 (22:12)
Trend: Somewhat-Bullish
Influence: 0.19
The anticipation of a Bitcoin surge, as linked to historical economic near-gold-like growth cycles, reinforces confidence in Bitcoin investment relative to the USD. As a result, this somewhat bullish sentiment toward Bitcoin reflects potential pressure on the USD exchange rate, though the impact may be limited.
Rupee Nears 84 Against USD, Hits Record Low of 83.99
September 5, 2024 (15:04)
Trend: Neutral
Influence: -0.06
The Indian Rupee closing at a new low against the US dollar indicates pressure on the Rupee, potentially lowering competitiveness in international markets. A relatively neutral sentiment score suggests that the impact on the dollar is muted, as this devaluation might have been anticipated.
Indian Rupee Gains as Dollar Weakens in International Markets
September 5, 2024 (11:57)
Trend: Somewhat-Bearish
Influence: -0.24
The weakening of the USD in international markets has been influenced by both a broad decline in the currency and a fall in crude oil prices. This situation has led to a somewhat bearish sentiment toward the USD, resulting in the Indian rupee gaining slightly against it.
Mixed Market Reactions in Asia and Europe as Oil Declines; US Dollar Retreats Amid Labor Market Concerns
September 5, 2024 (11:16)
Trend: Neutral
Influence: -0.03
The USD exchange rate is facing pressure due to signals of a cooling labor market, with job openings falling, which supports the likelihood of an interest rate cut by the Federal Reserve. This potential rate cut diminishes the attractiveness of dollar-denominated assets, contributing to the dollar's retreat.
Shanghai Composite Sees Slight Increase as USD Faces Volatility
September 5, 2024 (11:15)
Trend: Bullish
Influence: 0.47
The struggle of the USD to find stability in Asian trading indicates potential uncertainties surrounding economic policies or global market conditions, which can lead to fluctuations in currency value. As gold prices recover, there may be a shift in investor preference towards safer assets, negatively affecting USD demand and contributing to its volatility.
Adani Group Engages with Global Banks to Issue $1.5 Billion in Dollar Bonds
September 5, 2024 (09:14)
Trend: Bearish
Influence: -0.36
The issuance of dollar bonds by Adani Group reflects an increased supply of USD instruments, which can lead to a depreciation in the currency's exchange rate as demand adjusts. This bearish sentiment indicates that the refinancing move might raise concerns about global USD liquidity, negatively impacting the exchange rate.
Stock Indices Decline Despite Metal Sector Gains
September 5, 2024 (09:03)
Trend: Neutral
Influence: 0.08
The decline in key Indian stock indices, the Sensex and Nifty 50, indicates reduced investor confidence, which can sometimes result in a weaker performance of the USD in the Forex market due to a shift in capital flows. However, the slight decline in the indices likely resulted in only a neutral effect on the USD given the balanced sentiment towards its performance.
Bitcoin Transactions Plunge 30% Over Half a Year Amid Lackluster BTC Price
September 5, 2024 (08:27)
Trend: Somewhat-Bullish
Influence: 0.19
The drop in Bitcoin transactions and the price disinterest suggest a stable outlook for the USD, reflecting a 'Somewhat-Bullish' sentiment. This could indicate investor confidence in USD is bolstered by the current instability in Bitcoin, as funds shift towards more stable currency options.
INR Gains Slightly After Surpassing 84 per US Dollar
September 5, 2024 (06:27)
Trend: Neutral
Influence: 0.06
The INR's recent gains after reaching a historically low exchange rate against the USD indicate slight market adjustments, possibly due to intervention or changes in market sentiment. The neutral sentiment score suggests this movement has not significantly affected the broader perception or stability of the USD at this time.
Indian Rupee Strengthens Slightly Against US Dollar in Early Trading
September 5, 2024 (05:23)
Trend: Neutral
Influence: 0.07
The slight appreciation of the Indian rupee against the US dollar was driven by a weakening American currency globally and favorable domestic equity trends. Additionally, lower crude oil prices and foreign fund inflows contributed to this minor impact on the USD exchange rate, which remained relatively stable overall.
Rupee Gains Support Amid Expectations of Fed Rate Cut and Robust RBI Policies
September 5, 2024 (04:33)
Trend: Neutral
Influence: -0.11
The possibility of a large Fed rate cut implies softer US monetary policy, which can result in a weaker USD by making the dollar less attractive to foreign investors. Additionally, a strong stance by the Reserve Bank of India (RBI) aids the rupee, further pressuring the USD exchange rate in favor of the Indian currency.
Trump Initiative in DeFi Aims to Strengthen US Dollar's Global Position
September 5, 2024 (02:50)
Trend: Neutral
Influence: 0.12
The involvement of the Trump family in launching a DeFi project focused on US dollar dominance, alongside a possible collaboration with AAVE, suggests potential positive impacts on the USD by leveraging blockchain technology for liquidity and exchange stability. However, the market's neutral sentiment reflects cautious optimism, indicating further developments are needed to significantly influence the USD exchange rate.
Analyst Suggests Dollar's Global Financial Reign Endures Despite Emerging Challenges
September 4, 2024 (20:15)
Trend: Somewhat-Bullish
Influence: 0.22
The news reflects the continued resilience of the U.S. dollar's global financial influence, despite the rising discussions about diversification away from it. This sustains a somewhat bullish sentiment for the USD, as its deep entrenchment in the global system mitigates immediate threats to its dominance.
Dollar Tree Sees Stock Drop After Missing Q2 Earnings; Lowers FY24 Outlook
September 4, 2024 (18:28)
Trend: Neutral
Influence: 0.06
The disappointing earnings results and reduced outlook for Dollar Tree create concerns about consumer spending in the U.S., causing a cautious sentiment around the USD. Nevertheless, the overall impact on currency exchange rates appears to be limited, resulting in a neutral effect on the USD.
Trump's Crypto Endeavor Seeks to Strengthen Dollar Dominance with Stablecoins
September 4, 2024 (18:15)
Trend: Neutral
Influence: 0.14
The news about Trump's promotion of World Liberty Financial, a DeFi project, is aimed at enhancing the U.S. dollar's position through the use of stablecoins. Despite its potential, the project's influence is currently seen as neutral, indicating minimal immediate impact on the USD exchange rate.
Bitcoin Continues to Struggle 10% Below Post-halving, Delaying All-Time High
September 4, 2024 (14:27)
Trend: Neutral
Influence: -0.15
The sluggish performance of Bitcoin, highlighted by its failure to reach new peaks post-halving, exerts a minor negative impact on the USD due to decreased market confidence in decentralized currencies. This lackluster performance might indirectly bolster the USD as investors seek stability, although the overall effect remains neutral.
Asian Markets Tumble, Europe Suffers Losses; Oil Drops Below $70 - Global Market Update
September 4, 2024 (11:26)
Trend: Bearish
Influence: -0.45
The recent sharp declines across major U.S. stock indices, particularly in the tech and energy sectors, have negatively impacted investor confidence, leading to a bearish sentiment towards the USD. As investors seek safer assets in response to market volatility, the USD exchange rate is adversely affected, reflecting concerns over economic stability.
Crypto hacks hit $1.2B in 2024, Celsius starts $2.5B repayment
August 30, 2024 (19:01)
Trend: Somewhat-Bullish
Influence: 0.2
The surge in crypto hacks may undermine trust in digital currencies, prompting investors to seek more stable assets like the USD, enhancing its demand and value. Additionally, Celsius' repayment initiative suggests a stabilizing financial climate, further contributing to a somewhat bullish sentiment on the USD.
Potential Upsurge in AUD/USD Due to RBA's Conservative Approach
August 30, 2024 (13:26)
Trend: Somewhat-Bearish
Influence: -0.2
The news suggests that the Australian dollar is gaining strength due to positive economic indicators such as a high consumer price index, which might diminish the relative strength of the USD. This could be why the USD shows a 'Somewhat-Bearish' sentiment, as the strengthening AUD pressures the USD exchange rate down.
Dollar Rises Amidst Mixed U.S. Stock Closure and Economic Data
August 30, 2024 (11:26)
Trend: Somewhat-Bearish
Influence: -0.3
Despite strong economic data leading to record highs in the Dow and mitigating recession fears, the USD is experiencing a somewhat bearish sentiment likely due to market expectations adjusting to potential future monetary policies. The mixed market closure reflects the uncertainty in investor sentiment, causing slight volatility in the USD exchange rate.
Shanghai Composite Sees Gains, USD Awaits Fed's Inflation Data
August 30, 2024 (10:49)
Trend: Somewhat-Bearish
Influence: -0.28
The USD is experiencing a pause in its downward trend as traders anticipate the Federal Reserve's inflation data release, which could indicate rising price pressures. This expectation is creating uncertainty, leading to the USD holding steady near recent highs despite the slightly bearish outlook.
Impact of US Interest Rates and Elections on Yuan Volatility
August 30, 2024 (09:30)
Trend: Somewhat-Bullish
Influence: 0.21
The looming US presidential election and changes in interest rates by the Federal Reserve are creating a cautious environment that strengthens the position of the USD against the yuan. Consequently, these factors contribute to a somewhat bullish sentiment for the USD as they discourage selling off the yuan, indirectly boosting demand for the USD.
Bridge Network Secures $58M to Challenge Legacy Payment Systems
August 30, 2024 (09:21)
Trend: Neutral
Influence: -0.03
The establishment of a global stablecoin payment network like Bridge could increase competition against the USD, potentially leading to decreased demand for the currency in cross-border transactions. However, the neutral sentiment score suggests that the impact might be moderate and balanced by other market factors.
Stock Indices Steady as FMCG Stocks Decline
August 30, 2024 (09:02)
Trend: Neutral
Influence: 0.1
The steady rise in the S&P BSE Sensex and Nifty 50 indicates economic stability in the Indian market, contributing to a neutral sentiment towards the USD. The neutral impact on the USD exchange rate reflects balanced market conditions without significant currency valuation fluctuations.
Indian Rupee Strengthens by 7 Paise to 83.82 Against the US Dollar in Early Trading
August 30, 2024 (04:50)
Trend: Bullish
Influence: 0.35
The appreciation of the Rupee is driven by significant foreign fund inflows and a positive trend in domestic equities, which enhances the Rupee's value against the US dollar. Despite this, the USD remains bullish, supported by global risk sentiments and its recovery momentum.
US Q2 Economic Growth Outpaces Forecasts with Stable Job Market Claims - Impact on USD Monitored
August 29, 2024 (12:57)
Trend: Somewhat-Bullish
Influence: 0.2
The revised increase in GDP and improved jobless claims suggest a robust economic outlook, supporting a 'Somewhat-Bullish' sentiment for the USD. Stronger economic performance typically leads to expectations of tighter monetary policy, which can attract foreign investment and boost the currency's exchange rate.
Strong Local Equity Performance Boosts INR Against USD
August 29, 2024 (11:25)
Trend: Neutral
Influence: 0.09
The appreciation of the Indian rupee against the USD was influenced by a combination of declining crude oil prices and robust performance in domestic equities, signaling increased investor confidence in the Indian market. As a result, the USD saw a minimal neutral sentiment change, reflecting modest pressure against the backdrop of these local economic factors.
Mixed Asian Markets and Advancing Europe; US Dollar Strengthens as Gold Reaches New High at $2,555
August 29, 2024 (11:19)
Trend: Somewhat-Bearish
Influence: -0.3
The dip in U.S. stocks, influenced by investor anticipation of Nvidia's quarterly report, has contributed to uncertainty in the market, indirectly affecting the USD. This uncertainty, coupled with Nvidia's fluctuating share performance, may have led to a slight weakening in the USD as reflected in the somewhat bearish sentiment score.
Market Indices Steady as Metal Stocks Decline
August 29, 2024 (09:06)
Trend: Neutral
Influence: 0.09
The neutral impact on the USD exchange rate reflects stability in overall market sentiments, as seen with negligible changes in major indices. The slight decline in metal shares has not significantly influenced the USD, likely due to balanced global and domestic factors.
US Dollar Index Stabilizes in Anticipation of Vital US Economic Data
August 29, 2024 (06:12)
Trend: Neutral
Influence: 0.14
The stabilization of the US dollar index is a reflection of investor caution as they await new economic data that could reveal essential information about the future trajectory of the US economy. With the neutral sentiment label, the market appears to be in a holding pattern, awaiting data that could sway the dollar's direction based on interest rate expectations tied to the US 10-year Treasury yields.
Rupee Strengthens by 9 Paise to 83.88 Against the US Dollar
August 29, 2024 (05:00)
Trend: Neutral
Influence: 0.08
The appreciation of the rupee against the US dollar is influenced by the dollar's weakness in the global market alongside a positive trend in Indian equities. The neutral sentiment reflected in the ticker sentiment score suggests that this shift might be seen as a temporary fluctuation rather than a significant long-term change in the USD exchange rate.
Mixed Asian Markets and Rising European Indices; Crude Oil Declines Over Concerns About Chinese Demand
August 28, 2024 (10:38)
Trend: Somewhat-Bullish
Influence: 0.15
The anticipation of significant earnings from Nvidia, a key player in the tech sector, has bolstered investor confidence, leading to an uptick in U.S. stock indices. This positive sentiment likely supports the USD, as capital flows into the U.S. market amidst broader global market fluctuations, reinforcing its somewhat bullish stance.
Sensex Climbs by 279 Points; Drop in PSU Banks Observed
August 28, 2024 (09:04)
Trend: Neutral
Influence: 0.01
The slight gain in Indian stock indices as observed through the Sensex and Nifty 50's performance suggests a neutral impact on the USD due to relatively stable investor sentiment. The minimal ticker sentiment score for USD underscores no significant reaction in exchange rates, maintaining stability.
Indian Rupee Near Significant Lows Against US Dollar
August 28, 2024 (09:03)
Trend: Neutral
Influence: -0
The weakening of the Indian Rupee against the US Dollar suggests underlying macroeconomic pressures affecting India's currency. Despite the change in exchange rate, the neutral sentiment score implies that there isn't a significant positive or negative impact on the USD's stability in the forex market.
Peter Schiff Warns of Potential Mistake by Fed in Lowering Rates as USD Weakens Significantly
August 28, 2024 (07:57)
Trend: Bearish
Influence: -0.57
The anticipation of Federal Reserve rate cuts has led to a decrease in the U.S. dollar's value, driven by concerns that lower rates could exacerbate inflation. Economist Peter Schiff warns that this monetary policy decision might lead to further depreciation, posing inflationary risks that could disadvantage the dollar globally.
Rupee Slightly Declines to 83.95 Against US Dollar Amid Early Trade Movements
August 28, 2024 (05:55)
Trend: Neutral
Influence: 0.12
The minor depreciation of the rupee against the US dollar can be attributed to subdued movement in local equity markets, yet the dollar remains relatively stable as the rupee's decline is restrained by macroeconomic support levels. The USD exchange rate exhibits a neutral stance, indicating minor fluctuations without significant market impact.
US Dollar Index Hits Lowest Point in Over a Year on Rate Cut Speculation
August 28, 2024 (04:40)
Trend: Neutral
Influence: -0.02
The news suggests that there is an anticipated rate cut by the Federal Reserve, which tends to weaken the US dollar as it reduces returns on dollar-denominated assets. This speculation, while not yet certain, contributes to the depreciation pressure on the USD, reflected in its current low index level.
Market Indices Make Mild Gains in Early Trading
August 28, 2024 (04:04)
Trend: Neutral
Influence: 0.01
The minimal positive movement in key stock indices indicates a stable economic environment, leading to a neutral effect on the USD. With such insignificant changes, the USD exchange rate remains mostly unaffected, reflecting market participants' steady confidence.
Expansion of Ondo's USDY Yield Coin to Arbitrum Network
August 27, 2024 (20:40)
Trend: Neutral
Influence: 0.13
The adoption of tokenized treasury products, such as the USDY yield coin, on blockchain networks like Arbitrum can increase demand for USD-backed assets, bringing subtle support to the currency. However, the neutral sentiment score suggests that the overall impact on the USD exchange rate might be limited at this time.
Experienced Bitcoin Investor Foresees Imminent Massive Bull Market: 'Prepare for a Volatile Summer'
August 27, 2024 (18:06)
Trend: Somewhat-Bearish
Influence: -0.27
The rise in gold prices to an all-time high may indicate a shift in investor sentiment from fiat currencies, like the USD, to safer assets, thereby exerting downward pressure on the USD exchange rate. Additionally, a predicted bull run in cryptocurrencies could divert investments away from the USD, further contributing to its somewhat bearish outlook.
Market Indices Stabilize as Realty Stocks Gain
August 26, 2024 (09:05)
Trend: Neutral
Influence: 0.08
The increase in the Sensex and Nifty indices suggests a positive market sentiment, which may lead to increased foreign investment in Indian equities. This can cause a stable outlook for the USD exchange rate as inflows might balance out with the currency impact, resulting in a neutral sentiment.
Rupee Gains 10 Paise, Reaching 83.80 Against USD in Early Market Movements
August 26, 2024 (05:18)
Trend: Neutral
Influence: 0.12
The rupee's appreciation against the US dollar is attributed to a weakening in the USD due to overseas market dynamics and increased foreign fund inflows. This situation is reflected in the marginally neutral sentiment towards the USD, as indicated by the ticker sentiment analysis.
Economics Update: Kamala Harris’ Plans, Market Warnings, and USD Implications
August 25, 2024 (12:00)
Trend: Somewhat-Bearish
Influence: -0.34
The market's anticipation of policy changes and economic instability had a negative effect on the USD, as demonstrated by the somewhat-bearish sentiment. Increased economic warning signals and predictions of a slowdown contribute to diminishing confidence in the currency, leading to a decrease in its value.
EUR Trend Forecasting
Regarding the EUR currency, 11 news pieces were analyzed. The average relevance of these news items is 0.44 (the closer to 1, the higher).
The overall news trend for the EUR currency is Somewhat-Bullish
with a coefficient of 0.18
(the closer to 1, the stronger its impact on the trend).
(the closer to 1, the stronger its impact on the trend).
India's Forex Reserves Hit Record High of $683.9 Billion
September 6, 2024 (12:14)
Trend: Bullish
Influence: 0.37
The boost in India's forex reserves to a record high enhances the country's economic stability, supporting positive sentiment towards emerging market currencies. This can lead to increased investor confidence, contributing to a bullish outlook on the EUR exchange rate.
Mastercard and Mercuryo Introduce Euro-Based Crypto Debit Card
September 5, 2024 (10:19)
Trend: Neutral
Influence: -0.02
The introduction of a euro-denominated crypto debit card could lead to increased liquidity and usage of the euro, given its accessibility alongside cryptocurrency payments. However, the neutral sentiment might reflect uncertainty regarding the real impact on the Euro's long-term value, as adoption rates and regulatory concerns could influence outcomes.
India's Forex Reserves Surge by $7 Billion, Reaching Unprecedented Levels
August 30, 2024 (12:42)
Trend: Somewhat-Bullish
Influence: 0.34
The increase in India's forex reserves could lead to a stronger Indian Rupee, impacting the currency pairs against the Euro. This shift may cause a 'Somewhat-Bullish' sentiment for the EUR as India's economic stability bolsters confidence among international investors.
Euro Zone Inflation Drops to Lowest Level in Three Years, Meets Expectations
August 30, 2024 (09:22)
Trend: Bearish
Influence: -0.37
The consistent decline in Euro zone inflation to a three-year low suggests limited upward pressure on the EUR, potentially leading investors to anticipate a less aggressive monetary policy from the European Central Bank. This bearish sentiment is reflected in the negative effect on the EUR exchange rate, as lower inflation diminishes the currency's appeal.
Digitalist Group's Mid-Year Financial Summary for H1 2024
August 30, 2024 (06:00)
Trend: Somewhat-Bullish
Influence: 0.26
The news of Digitalist Group's stable turnover projections and improved EBITDA forecasts suggests potential economic resilience, positively impacting the sentiment towards the EUR. Consequently, this has led to a somewhat bullish sentiment on the Euro, as investors anticipate steady economic performance supporting the currency.
Euro Manganese Introduces New VP Legal & Corporate Secretary
August 29, 2024 (21:03)
Trend: Bullish
Influence: 0.39
The appointment of Ms. Laurel Petryk as Vice President Legal & Corporate Secretary is perceived positively by investors, contributing to a bullish sentiment for the Euro. This suggests increased confidence in Euro Manganese's corporate governance, potentially enhancing its market position and indirectly benefiting the EUR.
Successful Euro 2 Billion Bond Issuance by EssilorLuxottica at 2.99% Yield
August 29, 2024 (17:46)
Trend: Bullish
Influence: 0.35
The successful bond issuance by EssilorLuxottica suggests strong investor confidence in the Eurozone’s economic stability. This has a positive impact on the EUR exchange rate, evidenced by the bullish sentiment.
EDAP Achieves Record Revenue Growth in First Half of 2024
August 28, 2024 (11:00)
Trend: Neutral
Influence: 0.04
The news about EDAP's record revenue growth in the first half of 2024 provides a neutral indication for the EUR exchange rate, as reflected in the slight positive sentiment score. While an increase in revenue is generally positive, the modest growth rate of 5.6% likely does not significantly influence broader economic indicators impacting the EUR.
Agfa-Gevaert Group Achieves Strong Performance in Q2 2024 Driven by Growth Initiatives
August 28, 2024 (05:45)
Trend: Somewhat-Bullish
Influence: 0.18
The solid performance of Agfa-Gevaert Group, as described in the summary, contributes positively to investor confidence, slightly boosting the EUR. This results in a somewhat bullish sentiment for the EUR, as reflected in the ticker sentiment data.
Euro's Net Long Speculative Positions Reach Highest Level in Over Two Months
August 26, 2024 (09:11)
Trend: Neutral
Influence: 0.04
The increase in net long positions for the Euro indicates heightened investor confidence or expectations for future appreciation of the currency. Despite the increase, the neutral sentiment score suggests that the market is cautiously optimistic, with participants waiting for further economic indicators or developments.
Danfoss India Targets Doubling Sales by 2025 Amid Robust Growth
August 25, 2024 (09:14)
Trend: Bullish
Influence: 0.45
The bullish sentiment towards the EUR is influenced by Danfoss India's positive outlook and expected robust growth, which may increase the demand for European exports and positively impact the eurozone economy. As Danfoss is a Denmark-headquartered company, its success in the fast-growing Indian market enhances investor confidence in European businesses thriving globally, thereby supporting a stronger EUR.
Comprehensive Analysis of News and Events influencing the USDEUR currency pair
We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.
The results of forecasts of the US Dollar/Euro currency pair are shown below and presented in the form of charts, tables and text information, divided into time intervals (Next month, 2024, 2025 and 2026).
Forecasts are adjusted once a day taking into account the price change of the previous day.
US Dollar / Euro Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Sep 09 | 0.9030 | 0.8999 | 0.9084 | 0.95 % |
| Sep 10 | 0.9008 | 0.8981 | 0.9039 | 0.64 % |
| Sep 11 | 0.9032 | 0.8992 | 0.9070 | 0.88 % |
| Sep 12 | 0.9042 | 0.8991 | 0.9103 | 1.25 % |
| Sep 13 | 0.9057 | 0.9017 | 0.9092 | 0.83 % |
| Sep 14 | 0.9013 | 0.8966 | 0.9048 | 0.92 % |
| Sep 15 | 0.9048 | 0.9014 | 0.9110 | 1.06 % |
| Sep 16 | 0.9080 | 0.9060 | 0.9121 | 0.68 % |
| Sep 17 | 0.9032 | 0.8968 | 0.9081 | 1.26 % |
| Sep 18 | 0.9060 | 0.9009 | 0.9116 | 1.19 % |
| Sep 19 | 0.9097 | 0.9067 | 0.9124 | 0.63 % |
| Sep 20 | 0.9061 | 0.9019 | 0.9083 | 0.71 % |
| Sep 21 | 0.9007 | 0.8970 | 0.9052 | 0.91 % |
| Sep 22 | 0.8965 | 0.8915 | 0.9012 | 1.09 % |
| Sep 23 | 0.8889 | 0.8857 | 0.8914 | 0.65 % |
| Sep 24 | 0.8858 | 0.8796 | 0.8910 | 1.29 % |
| Sep 25 | 0.8855 | 0.8831 | 0.8884 | 0.60 % |
| Sep 26 | 0.8792 | 0.8765 | 0.8809 | 0.50 % |
| Sep 27 | 0.8825 | 0.8783 | 0.8864 | 0.92 % |
| Sep 28 | 0.8812 | 0.8784 | 0.8842 | 0.66 % |
| Sep 29 | 0.8824 | 0.8791 | 0.8840 | 0.57 % |
| Sep 30 | 0.8829 | 0.8780 | 0.8852 | 0.81 % |
| Oct 01 | 0.8852 | 0.8796 | 0.8914 | 1.34 % |
| Oct 02 | 0.8828 | 0.8806 | 0.8856 | 0.57 % |
| Oct 03 | 0.8808 | 0.8773 | 0.8834 | 0.70 % |
| Oct 04 | 0.8830 | 0.8797 | 0.8865 | 0.78 % |
| Oct 05 | 0.8866 | 0.8830 | 0.8913 | 0.95 % |
| Oct 06 | 0.8922 | 0.8874 | 0.8970 | 1.08 % |
| Oct 07 | 0.8912 | 0.8849 | 0.8930 | 0.91 % |
| Oct 08 | 0.8875 | 0.8835 | 0.8915 | 0.90 % |
Target daily price USD/EUR
Target values of the USD/EUR currency pair as of 09-09-2024.
Optimistic target level: 0.9084
Pessimistic target level: 0.8999
Target values of the USD/EUR currency pair as of 09-10-2024.
Optimistic target level: 0.9039
Pessimistic target level: 0.8981
Target values of the USD/EUR currency pair as of 09-11-2024.
Optimistic target level: 0.9070
Pessimistic target level: 0.8992
Target values of the USD/EUR currency pair as of 09-12-2024.
Optimistic target level: 0.9103
Pessimistic target level: 0.8991
Target values of the USD/EUR currency pair as of 09-13-2024.
Optimistic target level: 0.9092
Pessimistic target level: 0.9017
US Dollar / Euro (USD/EUR) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 0.8881 | 0.8749 | 0.9017 | 2.98 % |
| Nov | 0.9068 | 0.8827 | 0.9215 | 4.21 % |
| Dec | 0.9179 | 0.9091 | 0.9372 | 3.00 % |
USD/EUR forecast for this year
Forecast of the USD/EUR pair for Oct 2024
Forecast of the USD/EUR pair for Nov 2024
Forecast of the USD/EUR pair for Dec 2024
US Dollar / Euro (USD/EUR) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.9340 | 0.9111 | 0.9661 | 5.69 % |
| Feb | 0.9344 | 0.9182 | 0.9443 | 2.77 % |
| Mar | 0.9407 | 0.9286 | 0.9491 | 2.16 % |
| Apr | 0.9515 | 0.9373 | 0.9641 | 2.77 % |
| May | 0.9698 | 0.9425 | 0.9881 | 4.61 % |
| Jun | 0.9666 | 0.9578 | 0.9794 | 2.21 % |
| Jul | 0.9337 | 0.9148 | 0.9632 | 5.02 % |
| Aug | 0.9404 | 0.9158 | 0.9731 | 5.89 % |
| Sep | 0.9684 | 0.9408 | 0.9771 | 3.71 % |
| Oct | 0.9616 | 0.9445 | 0.9860 | 4.21 % |
| Nov | 0.9705 | 0.9417 | 0.9821 | 4.12 % |
| Dec | 0.9665 | 0.9486 | 0.9784 | 3.05 % |
US Dollar / Euro (USD/EUR) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.9616 | 0.9532 | 0.9929 | 4.00 % |
| Feb | 0.9747 | 0.9551 | 1.0047 | 4.94 % |
| Mar | 0.9574 | 0.9475 | 0.9886 | 4.16 % |
| Apr | 0.9331 | 0.9227 | 0.9515 | 3.03 % |
| May | 0.9564 | 0.9422 | 0.9837 | 4.22 % |
| Jun | 0.9962 | 0.9850 | 1.0299 | 4.36 % |
| Jul | 1.0106 | 0.9927 | 1.0218 | 2.85 % |
| Aug | 1.0253 | 0.9952 | 1.0468 | 4.93 % |
| Sep | 1.0087 | 0.9844 | 1.0216 | 3.65 % |
| Oct | 1.0083 | 0.9892 | 1.0366 | 4.57 % |
| Nov | 1.0126 | 0.9861 | 1.0255 | 3.84 % |
| Dec | 1.0259 | 0.9991 | 1.0511 | 4.95 % |