- US Dollar Euro (USDEUR) exchange rate currently trading at: 1 USD = 0.8156 EUR (+0.00404, +0.498%)

The Euro slipped in early trading but recovered to close the day above $1.23 against the dollar. The dollar was took a hit on news of a weak housing market in the US. Sales of US homes fell to a record-low in May, lower than forecasted, causing many investors to question their assumptions about the US recovery.

US Dollar Euro (USDEUR) Exchange Rate

The Fed made an announcement during trading today. In the announcement were promises to keep interest rates low but little else to encourage investors. It said it expects the recovery to continue, but didn’t show any hope of it gaining momentum. For now the Euro hovers at $1.23.

Today’s other Forex news:

British Pound US Dollar (GBPUSD)
The pound is continuing to appreciate against the dollar in today’s trading session, spurred on by positive comments from a ratings agency and hints of an early hike in interest rates from BoE’s monetary policy meeting minutes, though there is some concern that a rise in interest rates could negatively affect the UK’s economy in the long-run.

British Pound Euro (GBPEUR)
The pound hit an 18-month high against the euro yesterday following a decision to raise interest rates during the BoE’s monitary policy meeting two weeks ago. The decision contributed to the sterling’s upswing to 1.2150, but how much upside potential remains?

We will continue to monitor the US Dollar Euro (USDEUR) exchange rate throughout the day.