Euro strengthens following EU budget approval

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The Brussels summit attended by the presidents and prime ministers of the member states of the European Union (EU) finally approved on Thursday, 10 December 2020 the EU budget for the next 7 years, along with rules of receiving the COVID relief fund worth just over US€ 1.8 trillion. Germany in particular was very active in negotiations, and eventually an agreement was reached even though some member states – namely Poland and Hungary – wanted to exercise their right of veto. In the end this did not happen and the budget negotiations were successful.

As a result of this positive shift in EU member states’ negotiations since the summer of 2020, an optimistic investor sentiment has manifested itself, shifting the exchange value of the single European currency, the Euro (EUR), even more. On 10 December, the exchange rate of the EUR/USD currency pair was slightly above the US€ 1.22 per EUR. On 11 December at 8:24 am CET, so far this global currency pair EUR/USD traded on the international foreign exchange – Forex market at  a mutual exchange rate of US€ 1.2153 per EUR with the daily strengthening of the EUR by +0.14% against the USD.Currently, during the European Friday morning on 11.12.2020, around 8:24 CET, this global currency pair EUR / USD in the international foreign exchange market in forex trading operations fluctuated at a mutual exchange rate of USD 1.2153 per EUR with

V súčasnosti počas európskeho piatkového rána 11.12.2020, okolo 8:24 SEČ, tento globálny menový pár EUR / USD na medzinárodnom devízovom trhu operácií obchodovania na devízovom trhu kolísal pri vzájomnom výmennom kurze 1,2153 USD za EUR s

Currently during the European morning on Friday 12/11/2020, around the time 8:24 CET this global currency pair EUR / USD in the international foreign exchange market in the forex business operations ranged in value relative exchange rate of 1.2153 USD per EUR

Momentálne počas európskeho rána v piatok 12. 11. 2020, okolo 8:24 SEČ, sa tento globálny menový pár EUR / USD na medzinárodnom devízovom trhu v obchodoch na devízovom trhu pohyboval v hodnotovom relatívnom kurze 1,2153 USD za EUR

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According to analysts, this continuing increase in the exchange rate of the Euro against the USD is due to higher investor interest in the EUR, especially after the budget for the next seven years was approved. However, according to analysts and foreign exchange market strategists, the fact of the overall global decline of the USD against other currencies is also related. On 11 December at 8:30 am CET, according to the US Dollar Currency Index (DXY), the USD was seen at the price level of  90.67 with a daily decrease of -0.17% so far.

Currently, during Friday’s European morning on December 11, 2020, around 8:30 CET, the USD exchange rate according to the US Dollar Currency Index (DXY) was around USD 90.67 points, with a daily continuing decline of – 0

Aktuálne sa počas piatkového európskeho rána 11. decembra 2020, okolo 8:30 SEČ, výmenný kurz USD podľa menového indexu amerického dolára (DXY) pohyboval okolo 90,67 bodu s denným pokračujúcim poklesom – 0

Currently during European morning on Friday 12/11/2020, at approximately 8:30 CET time so the exchange value USD per dollar index DXY (US Dollar Currency Index) ranged in value of $ 90.67 USD daily points with the current continuing decline of – 0

Aktuálne počas európskeho rána v piatok 12/11/2020, približne o 8:30 SEČ, sa teda výmenná hodnota USD za dolárový index DXY (americký dolárový index meny) pohybovala v hodnote 90,67 USD denných bodov so súčasným pokračujúcim poklesom o – 0

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