Should we keep an eye on the movement of the euro-dollar exchange rate?

Should we keep an eye on the movement of the euro-dollar exchange rate?

20.04.2022

In the U.S. currency market yesterday, the Dollar Index rose above 101, making the dollar the strongest currency. The EUR/USD pair traded in a narrow range but fell from 1.082 to 1.076. However, it rebounded during today’s Asian trading session and has recovered to 1.081. Since the EUR/USD has broken above the 20-period moving average on the 4-hour chart, traders should watch for a rebound and upward movement.

European currencies showed a slight downward trend against the Oceania currencies, with the EUR/AUD falling by approximately 110 pips from 1.467 to 1.455. Since the EUR/AUD is declining while being capped by the 20-day moving average on the daily chart, we will be watching closely to see if this gradual decline continues.

Today’s schedule includes: at 18:00 CET, Eurozone industrial production and trade balance; at 20:00 CET, the U.S. MBA mortgage applications index; at 21:30 ET, remarks by German Bundesbank President Nagel, the Canadian Consumer Price Index, and the Canadian Housing Price Index; at 23:00 ET, U.S. existing home sales and weekly crude oil inventories; and the U.S. Daily:Remarks by the President of the San Francisco Fed, at 00:30: Remarks by Evans, President of the Chicago Fed, and at 02:00: Remarks by Bostic, President of the Atlanta Fed. We will be watching the euro’s movement against the U.S. dollar.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?