Euro To Dollar Exchange Rate Last 30 Days
Introduction
The Euro to Dollar exchange rate has been a topic of interest for many traders, investors, and businesses. It is an important metric to consider when dealing with international trade, as it tells you how much one currency is worth in terms of another. In this article, we will explore the Euro to Dollar exchange rate over the last 30 days and what factors have influenced it.
The Beginning of the 30-Day Period
At the beginning of the 30-day period, on August 20th, 2021, the Euro to Dollar exchange rate was at 1.17. This was a slight increase from the previous day's rate of 1.1667.
Factors Influencing the Exchange Rate
Many factors influence the Euro to Dollar exchange rate, including economic data, monetary policy, and geopolitical events. One of the biggest factors that influenced the exchange rate over the last 30 days was the Jackson Hole Symposium, where Federal Reserve Chair Jerome Powell spoke about the possibility of tapering the Fed's bond-buying program. This caused the Dollar to strengthen against the Euro.
Midway Point of the 30-Day Period
At the midway point of the 30-day period, on September 4th, 2021, the Euro to Dollar exchange rate was at 1.18. This was a slight increase from the beginning of the period, but the rate had been fluctuating between 1.17 and 1.18 for several days.
European Central Bank Meeting
On September 9th, 2021, the European Central Bank (ECB) announced that it would reduce the pace of its bond-buying program. This caused the Euro to strengthen against the Dollar, and the exchange rate rose to 1.1834 on September 10th, 2021.
End of the 30-Day Period
At the end of the 30-day period, on September 19th, 2021, the Euro to Dollar exchange rate was at 1.1728. This was a slight decrease from the previous day's rate of 1.1741, but overall, the exchange rate had remained relatively stable over the last few days of the period.
Conclusion
The Euro to Dollar exchange rate over the last 30 days has been influenced by a variety of factors, including economic data, monetary policy, and geopolitical events. While the exchange rate has fluctuated over the period, it has remained relatively stable, and there have been no major shifts in the rate. As we move forward, it will be important to continue monitoring these factors to see how they influence the exchange rate in the future.