The euro eased to $1.182 on Friday, after hitting its highest level since May 2018 in the previous session, as investors turned to the greenback amid escalating tensions between the world's largest economies after President Donald Trump banned US transactions with two of the most popular Chinese apps, citing national security reasons. On a more positive note, data showed industrial output in Germany and France grew more than expected in June, while German exports jumped 14.9% from a month earlier, the biggest increase since 1990 and compared to market forecasts of 13.3%.
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 - Slovenia - data, forecasts, historical chart - was last updated on August of 2020.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.18 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.17 in 12 months time.