Euro US Dollar (EUR/USD) Exchange Rate Steady As Eurozone Markets Remain Cautious
EUR/USD Exchange Rate Rangebound as France Eases Stance on Goods Moving Across the English Channel
The Euro to US Dollar (EUR/USD) exchange rate held steady today, with the pairing currently fluctuating around $1.219.
The Euro (EUR) stabilised today as Eurozone markets remain relatively quiet ahead of Christmas and the New Year.
Today saw the release of the latest German Import Price Index, which beat forecasts and rose by 0.5%.
Nevertheless, this was not enough to buoy the single currency, with Germany – the Eurozone’s largest economy – due to remain in lockdown as Covid-19 cases spread throughout Europe.
December 17, 2020 - Written by John Cameron
GBP/AUD Exchange Rate Rangebound as Brexit Talks Make ‘Good Progress’, according to EU
The Pound to Australian Dollar (GBP/AUD) exchange rate continues to trend higher today after the Bank of England (BoE) held interest rates at 0.1% despite an uncertain economic outlook.
At the time of writing the GBP/AUD exchange rate is currently fluctuating around AU$1.784.
The BoE’s Monetary Policy Committee (MPC) said in the report:
‘The outlook for the economy remains unusually uncertain. It depends on the evolution of the pandemic and measures taken to protect public health, as well as the nature of, and transition to, the new trading arrangements between the European Union and the United Kingdom.’