Pure FX Logo arrow Reviews On Feefo Pure FX Logo Exemplary Service In-Depth Knowledge We're Jargon Free Same-Day Transfers Better Exchange Rates Purefx_currency_exchange Personal Transfers Business Transfers Personal Service Trusted Brokers Get A Quote Register With Us Make A Transfer Seller Transfers Contract Definitions Read Our Top Tips What Influences Exchange Rates Glossary Frequently Asked Questions Contact Us

5 Reasons Why The Euro May Climb Versus The US Dollar in June 2018

Market Commentary5 Reasons Why The Euro May Climb Versus The US Dollar in June 2018
5 Reasons Why The Euro May Climb Versus The US Dollar in June 2018
Image credit: John Hughes.

Welcome to Pure FX's latest outlook for the euro to US dollar interbank exchange rate.

This tells you when it's an excellent time to exchange euros to US dollars, for your money transfer!

The common currency could accelerate versus the greenback!

The euro to US dollar interbank exchange rate has jumped by more than +1 cent in the past day, up to 1.1686.

Furthermore, looking ahead, the euro could fly higher against the US dollar. Here are 5 reasons why:

1. Germany's retail sales rose by +2.3% in April, said Statistisches Bundesamt Deutschland yesterday, above forecasts for +0.7%.

This may lift the euro, because this was the 1st rise in Germany's retail sales in 4 months, and the sharpest climb since October 2016.

2. Germany's unemployment rate unexpectedly fell -0.1% to 5.2% in May, said official data yesterday.

This could boost the common currency, because this is Germany's lowest unemployment rate since reunification in 1990.

3. Germany's inflation rocketed by +0.8% to 2.2% in last month, according to European statistics office Destatis on Wednesday.

This may strengthen the euro, because this is above the European Central Bank's inflation target of close-to-2.0%, thus lifting the odds that the ECB will lift interest rates.

4. ECB executive board member Sabine Lautenschlaeger said yesterday that "All the conditions for inflation to kick in are in place."

This could raise up the common currency, because Ms. Lautenschlaeger's comments also lift the odds that the Eurozone's central bank will hike interest rates sooner.

5. US GDP eased to +2.2% in Q1, said the US Bureau of Economic Analysis yesterday, below initial estimates of +2.3%.

This may weaken the US dollar, because America's economy grew slower than previously thought between January and March 2018.

Given all this, the common currency could accelerate against the US dollar in June!

Get a free euro to US dollar exchange rate quote

Get a free euro to US dollar exchange rate quote to get our best exchange rate, and find out how much you could save with Pure FX.

You’ll get an outstanding euro to US dollar exchange rate for your money transfer!

Please bear in mind, this article is Pure FX’s opinion only and does not constitute advice. Moreover, the exchange rates referred to in this article are the interbank rates, which are the rates at which banks and financial institutions buy and sell currency to each other. Therefore these exchange rates cannot be accessed by individuals or SMEs, and are not the same rates that Pure FX can offer. To get a free exchange rate quote, call us on +44 (0) 1494 671800, or email [email protected]

Get a Quote
Feefo service

What Our Clients Say

Read all the reviews at Feefo.com

Why Us

Exceptional Service

We have received Feefo's Gold Trusted Service Award 3 years in a row.

Same Day Transfers

We can transfer your money to your destination bank account the same day you send it, once we’ve confirmed the payment details with you.

Competitive Exchange Rates

Competitive exchange rates and transparent transfer fees, so you know exactly what you’re paying for.

Dedicated Personal Service

To guide you through the transfer process and keep you up-to-date with the changing exchange rates.

Established in 2006

Since then, we’ve transferred money for thousands of satisfied clients.

How It Works

  • 1. Register

    for a no obligation account
  • 2. Agree the exchange rate

    with your account manager over the phone
  • 3. Send us payment

    for the transfer of your purchased currency
  • 4. We transfer the currency

    to your nominated account