The Euro fell below $0.99 for the first time in nearly 20 years in early September, after Russia halted indefinitely natural gas flows through the Nord Stream pipeline, raising further concerns over an ongoing energy crisis, high inflation and a looming recession. Meanwhile, the ECB is set to raise interest rates again this week, with markets getting increasingly more confident of a 75bps rate hike.
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 Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on September of 2022.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 0.98 by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.95 in 12 months time.