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EUR/USD Forecast: Euro renews multi-month highs ahead of FOMC Minutes

  • EUR/USD extended its uptrend to a fresh multi-month high above 1.0960.
  • Hawkish ECB commentary helped the Euro continue to gather strength.
  • The Federal Reserve will release the minutes of the October 31-November 1 policy meeting.

EUR/USD started the week on a bullish note and closed in positive territory on Monday. The pair continued to push higher and reached its strongest level since August above 1.0960 in the early European session on Tuesday. 

The positive shift seen in risk sentiment made it difficult for the US Dollar to find demand in the American trading hours on Monday and helped EUR/USD hold its ground. 

Euro price this week

The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the strongest against the US Dollar.


USDEURGBPCADAUDJPYNZDCHF
USD
-0.37%-0.62%0.00%-0.93%-1.66%-1.33%-0.25%
EUR0.39%
-0.26%0.37%-0.54%-1.28%-0.94%0.14%
GBP0.62%0.26%
0.62%-0.29%-1.02%-0.68%0.38%
CAD0.00%-0.37%-0.63%
-0.93%-1.66%-1.32%-0.25%
AUD0.95%0.55%0.33%0.92%
-0.73%-0.40%0.71%
JPY1.64%1.28%0.79%1.63%0.72%
0.32%1.39%
NZD1.32%0.94%0.69%1.30%0.39%-0.34%
1.10%
CHF0.25%-0.11%-0.37%0.25%-0.67%-1.41%-1.08%

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