FX strategists from the financial institution Citi argue that $EUR could eventually hit 0.86 against the $USD. Economics Inflation EuroZone
While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13, the fiat currency is rising again and market strategists from Citi argue that the U.S. dollar “has likely not peaked yet.”Financial Institution’s FX Strategists Say EU’s Currency May Slip to $0.
In recent times, the official fiat currency of 19 out of the 27 member states of the European Union , the, has been in a slump against the U.S. dollar . Year-to-date, the euro has lost 14.53% against the greenback and six-month stats indicate the EUR is down 10.09%. While the 10% shave hurts, the percentage loss is less severe than fiat currencies like the Japanese
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