EURUSD Exchange Rate

The euro fell against its major counterparts in the New York session on Monday.

The U.S. dollar was higher in the European session on Monday, amid the Federal Reserve's stance of higher-for-longer interest rates and concerns about the property market in China.

German business morale weakened for the tenth consecutive month in September to hit the lowest level in as many months as companies were less satisfied with their current situation amid the subdued economic activity, survey results from the ifo Institute showed on Monday. The business climate index fell to 85.7 from 85.8 in the previous month. Nonetheless, the reading was above economists' foreca

The U.S. dollar erased its gains against its major counterparts in the New York session on Friday.

In the global markets, prevailing macroeconomic concerns persist as hedge funds and retail investors are unwinding stock leverage at a pace unseen since the 2020 pandemic crisis. This sentiment extends to the oil market, where prices have relinquished bullish momentum.

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Has the German business climate bottomed out?

In this week's episode, we shine a spotlight on the strength of the US Dollar and its potential impact on the EURUSD, GBPUSD, and AUDUSD currency pairs.

The Dollar Index, a popular gauge of the Greenback’s value against a basket of 6 major currencies climbed to March 2023 highs, settling at 105.55 (105.40). Effects from the Fed’s hawkish pause last week continued to influence currencies.