The euro was little-changed at $1.12 on Friday, after touching the $1.13 level for the first time in a week the day before as demand for riskier currencies was boosted by a strong US jobs report, alongside better-than-expected PMI surveys from the world's largest economies and upbeat results from a potential coronavirus vaccine. Meanwhile, investors await news about a common recovery plan set to be discussed at an EU summit as soon as July, as well as an update on Brexit negotiations.
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 - Belgium - data, forecasts, historical chart - was last updated on July of 2020.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.12 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.11 in 12 months time.