The euro depreciated towards $1.13 in afternoon trading on Thursday, having touched a one-month high of $1.137 earlier in the session, as demand for the dollar increased amid growing concerns about a second wave of infections and its impact on reopening efforts. Meanwhile, worries about a Brexit trade deal mounted after EU chief negotiator Michel Barnier said that there were still “significant divergences” between the EU and the UK, following three days of talks with his counterpart David Frost. On the monetary policy front, ECB President Christine Lagarde signaled on Wednesday the central bank may keep monetary policy unchanged for some time.
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 Exchange Rate - EUR/USD - Estonia - data, forecasts, historical chart - was last updated on July of 2020.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.13 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.12 in 12 months time.