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Euro To US Dollar: Could Be Set For Late-2023 Uptick Say Berenberg Analysts
Economic circumstances currently tilt away from the Euro to Dollar exchange rate's favour, say FX analysts at Berenberg in a brief to clients today. Nonetheless, as the year's end approaches, a potential economic rejuvenation in the eurozone might recapture the market's focus. If such sentiments flourish, the Euro (EUR) could find itself in a stronger position against the US Dollar (USD) as we usher in the new year. From highs of over 1.12 US dollars to the euro in July, there's been a notable descent, with figures stooping below 1.07 by mid-September. One of the prime drivers for this downtrend emerges from the ... (full story)
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