The Euro fell further to $1.08210 on Tuesday, its lowest level since April 24th 2017, after the ZEW Indicator of Economic Sentiment for Germany deteriorated far more than expected on fears that the coronavirus outbreak will have an impact on world trade and the manufacturing sector. This sparked concerns regarding the Eurozone economic outlook and raised expectations that interest rates will remain lower for longer. Euro Exchange Rate - EUR/USD - Italy - data, forecasts, historical chart - was last updated on February of 2020.
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.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.10 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.09 in 12 months time.