The widening interest rate differential between the U.S. and European Union has the U.S. Dollar strengthening in 2018, a reversal of the 2017 trend. But will it last?
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EUR/USD is the most actively traded currency pair in the world, helped by more than $1 trillion in annual trade between the U.S. and European Union. Approaching 20 years in existence, EUR/USD traded as high as 1.6037 (July 2008) and as low as 0.8225 (October 2000).
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Many thought EUR/USD parity was back in play in early 2017 before the pair unexpectedly rallied. What was so surprising was that the rally came in the midst of a widening interest-rate differential that favored the U.S. Dollar. That rally since reversed course with the Dollar showing some strength.
Use the interactive chart to the right to check out some of EUR/USD’s most-recent moves.
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