Yesterday the EUR/USD exchange rate may soon reach 1.18. Euro (EUR) immediately started and climbed at 1.1744 in relation to the US dollar (USD). Then he lost a certain shoot, but it was enough to achieve the closing price of over 1.17 – the highest since 2021, notes the FX Commerzbank analyst, Volkmar Baur.

EUR/USD has increased by over 13% from the beginning of the year

“This force of the euro in relation to the American dollar is consistent with the recent trend, and earlier we outlined our structural reasons to expect a higher exchange rate of EUR/USD, also in this space. However, looking at the last 10 years, it is clear that the exchange rate above 1.15 is currently unusual. For most of the last decades, EUR/USD Flustrion in a relatively narrow range. 66% of commercial days over the past 10 years, over the past 10 years, over the past 10 years, over the past 10 years, over the past 10 years, over the past 10 years, over the past 10 years, in recent years, in recent years, in recent years.

“It also means that EUR/USD has behaved completely differently in the last ten years than in ten years earlier (from June 27, 2005 to June 26, 2015). During this period of EUR/USD trading, as part of trading 1.05-1.15 in just 4% of commercial days. Most of the time (41%), it is a trade between 1.30 and 1.40. It is all in the years in mid -2015.

“Therefore, in a short period, traffic in EUR/USD is impressive. After all, the euro increased by more than 13% compared to the US dollar since the beginning of the year. However, looking further, greater movements and higher levels in EUR/USD are not unusual. Maybe we just go into a phase, in which rapid changes of exchange rates and higher cover are becoming the norm again.”