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Euro To US Dollar Exchange Rate Outlook: "Gains To Extend To $1.0730 Area"
The Euro US Dollar (EUR/USD) exchange rate firmed on Wednesday, making a push to trade around $1.07 in quiet trade. At the time of writing, EUR/USD is quoted at 1.07082, around the day's opening levels. Foreign exchange analysts at Credit Agricole, highlighted that the Euro's recent underperformance against the US Dollar (USD) and the British Pound (GBP) has been influenced by a combination of declining fundamentals in the Eurozone and simultaneously improving fundamentals in the US and the UK economies. "The recent EUR/USD and EUR/GBP underperformance seemed driven by both the weakening of the Eurozone ... (full story)