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Market: Forex The euro retreats against the dollar

19/03/2021
Categories: Index/Markets

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As much as the dollar, the euro is not in great shape. However, the European currency lost 0.31% to 1.1942 dollars on Thursday.

The euro fell against the dollar which remained weak after the meeting of the American Central Bank (Fed). Without completely erasing its gains the day before, the euro yielded 0.31% to 1.1942 dollars for one euro. This Thursday, it had started the session at 1.1903 dollars.
"The dollar remains in a weak position, but the euro is not in great shape either" due in particular to the Covid-19 vaccination campaign which is dragging on in the European Union, commented analysts from Sucden. .
Markets.com estimates that the euro dollar pair failed to break through the symbolic threshold of $1.20 per euro, but the euro remains strengthened against the greenback.

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