Euro to US Dollar Conversion
The euro weakened against the US dollar, reaching around $1.03, due to a stronger dollar following President Donald Trump’s announcement of new global tariffs on steel and aluminum. This announcement put further downward pressure on the euro amidst expectations of a widening interest rate gap between the US and Europe. Strong US jobs data supported the Federal Reserve’s decision to hold interest rates, contrasting with the European Central Bank’s recent rate cut and signals of further easing. Fears of US tariffs triggering deflation increased expectations of deeper ECB cuts, with market projections anticipating the deposit rate to fall to 1.89% by December. Meanwhile, German Chancellor Olaf Scholz stated that the EU could respond “within an hour” if the US imposed tariffs on the bloc. EU trade committee head Bernd Lange indicated a willingness to lower the bloc’s 10% vehicle import tax closer to the US rate of 2.5% to avert a trade war.
The EUR/USD exchange rate decreased by 0.0014 or 0.13% to 1.0314 on Monday, February 10th, down from 1.0328 in the previous trading session. The historical high for the Euro To Us Dollar exchange rate was 1.87 in July 1973. While the euro was officially introduced in January 1999, synthetic historical prices can be modeled using a weighted average of preceding currencies.
Trading Economics global macro models and analysts predict the Euro to US Dollar exchange rate to be around 1.03 by the end of the current quarter. Furthermore, forecasts indicate a potential rate of 1.01 in 12 months.
The EUR/USD spot exchange rate reflects the current value of one euro in US dollars for immediate exchange. Conversely, the EUR/USD forward rate is quoted today but for exchange at a specified future date. The daily exchange rate has ranged from a low of 0.64 to a high of 1.87 between 1957 and 2025.
Various economic factors influence the Euro to US Dollar exchange rate. Recent news includes weakening of the euro due to new US tariffs, falling Eurozone retail sales, a slight rise in Eurozone services output, and a rebound in Eurozone private sector activity. Commodity prices, such as fluctuations in crude oil, gold, and silver, also play a role.
Global stock market performance, including major indices like the US500, US30, and JP225, can impact currency exchange rates. Additionally, individual company stock performance, particularly large multinational corporations like Apple, Tesla, and Microsoft, can influence market sentiment and currency fluctuations. Government bond yields and cryptocurrency markets, including Bitcoin and Ether, contribute to the complex interplay of factors determining the Euro to US Dollar conversion rate.