EUR/USD. April 20, 2021 | Euro is trying to reach the level of 1.21
The US dollar continues to fall in price against the euro, approaching 1.2100. The current quote for the EUR/USD pair is 1.2070. The American currency is declining even despite the growth of government bond yields, strong data on employment and retail sales.
At the same time, the euro was supported by an increase in the forecast of the investment bank Goldman Sachs, whose analysts adjusted the three-month target for the EUR/USD pair from 1.21 to 1.25. The outlook was upgraded amid expectations that the situation in the Eurozone will improve.
The key event for the euro/dollar pair will be the ECB meeting on Thursday. Analysts expect that rates this time around are likely to remain near the lows, as they have throughout 2021. The regulator's comments on the rapid growth of the consumer price index in Europe and the yield on government bonds will be of much greater interest. But, in general, market participants do not expect any surprises or shocks.
Today the macroeconomic calendar is not rich in events, so investors have the opportunity to calmly watch what is happening on the market and prepare for the ECB meeting.
The US dollar continues to fall in price against the euro, approaching 1.2100. The current quote for the EUR/USD pair is 1.2070. The American currency is declining even despite the growth of government bond yields, strong data on employment and retail sales.
At the same time, the euro was supported by an increase in the forecast of the investment bank Goldman Sachs, whose analysts adjusted the three-month target for the EUR/USD pair from 1.21 to 1.25. The outlook was upgraded amid expectations that the situation in the Eurozone will improve.
The key event for the euro/dollar pair will be the ECB meeting on Thursday. Analysts expect that rates this time around are likely to remain near the lows, as they have throughout 2021. The regulator's comments on the rapid growth of the consumer price index in Europe and the yield on government bonds will be of much greater interest. But, in general, market participants do not expect any surprises or shocks.
Today the macroeconomic calendar is not rich in events, so investors have the opportunity to calmly watch what is happening on the market and prepare for the ECB meeting.