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

USD Nears 1-Year High Versus EUR, Could Continue to Climb in August

Market CommentaryUSD Nears 1-Year High Versus EUR, Could Continue to Climb in August
USD Nears 1-Year High Versus EUR, Could Continue to Climb in August
Image credit: Dani Simmonds.

Welcome to Pure FX's latest update of the US dollar to euro interbank exchange rate.

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

The greenback rises versus the common currency!

The US dollar to euro interbank exchange rate has hit 0.8570 today, less than -1 cent below its highest in a year, or since July 17th 2017.

What's more, looking ahead, the buck could fly high against the Eurozone's currency. Here are 5 reasons why:

1. The US dollar could rise, because US President Donald Trump recently threatened to impose up to $500bn of tariffs on China.

This may lift the greenback, because the USA is a vast country with lots of natural resources, and so likely to stand up best in a trade war.

2. The buck could jump, as the Philadelphia Federal Reserve's manufacturing index jumped to 25.7 in July, above forecasts for 22.0.

This may boost boost the US dollar, because Philadelphia's factories enjoyed a surge in new orders this month, pointing to robust demand.

3. The euro could lose out, because the Eurozone's core inflation fell to 0.9% in July, below financial market forecasts for 1.0%.

This may weaken the common currency, because this cuts the odds that the European Central Bank will hike interest rates sooner rather than later.

4. The euro could fall, because Eurozone exports dropped -0.8% in May compared to a year ago, for a surplus of €16.5bn.

This may hurt the common currency, because this tells us that Eurozone exports were falling, even prior to US President Trump's steel and aluminium tariffs.

5. The euro could drop, because Eurozone consumer confidence remained stable at -0.6% in July, said official data this week.

This may weigh on the common currency, because this signals that Eurozone consumers feel less upbeat than earlier this year, which may slow GDP growth.

As a result, the US dollar to euro interbank exchange rate may continue to climb above its 1-year high!

Get A Free US Dollar to Euro Exchange Rate Quote

Get a free US dollar to euro 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 US dollar to euro 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