1 USD = 0.87 1720 Euro

1 USD = 0.87 1720 Euro.

At present, the exchange rate of the US dollar against the euro is 0.87 1720.

According to the current exchange rate, 1 USD can be converted into 0.87 1720 Euro.

Fundamental analysis of USD/EUR

1. Germany's Ifo Economic Research Institute lowered its GDP growth forecast of 202 1 by 0.8 percentage point to 2.5% on Wednesday. Germany's growth forecast for 2022 is raised by 0.8 percentage points to 5. 1%. In 2023, the German economy will grow by 1.5%. It is predicted that the inflation rate in Germany will reach 3.0% in 20021year, 2.3% in 2022 and 1.6% in 2023. EUR/USD remained above 1. 1700, waiting for the Fed meeting to decide the next step.

2. On Tuesday, Guindos, deputy governor of the European Central Bank, and stoner Stournaras, a policy maker, acknowledged the upward risks in the inflation outlook, indirectly challenging the loose monetary policy in the euro zone and benefiting the euro bulls. However, the lack of major data/events and concerns about the statement of the Federal Open Market Committee (FOMC) monetary policy meeting challenged the EUR/USD bulls.

3. Considering that the Federal Reserve will announce its interest rate decision today, nothing is likely to affect the euro against the US dollar except the magic of Chairman Jerome Weil. Since most market participants expect the Fed to reduce its bond purchases, the accident will have a greater impact and may push the currency pair to rebound from multi-day lows. It is worth noting that in the three weeks before the key events, the options market reversed against major currencies.

Highlights of the US stock market:

1. The European Commission raised the GDP growth forecast of the euro zone from 4.3% to 5.0% in 20021year, and it is expected to increase by 4.3% in 2022 and 2.4% in 2023.

2. Didi went up 12. 18% before trading, and the stock closed up 10.22% on Wednesday.

3. The US dollar index broke through the 95 mark before the market, hitting a new high since July 2020.

4. Disney's pre-market decline was 4.6 1%, and the company's revenue in the fourth quarter was $65,438+0,853.4 billion, and the market expectation was $65,438+0,879.2 million; The net profit of returning to the mother was $65.438+$59 million, and the market expected $482 million.

5.Beyond Meat's US stocks fell by nearly 20% before the market, and its net loss in the third quarter was $55 million, a year-on-year increase.

6. Weibo's net revenue in the third quarter was $607.4 million, and the market forecast was $593.5 million; After adjustment, EBITDA is US$ 255.3 million and the market forecast is US$ 2160,000.

7. Oppenheimer: Raise the target price of NVIDIA from $235 to $350.

8. In June, Japanese machine tool orders increased by 865,438+0.5% and 438+00, a three-year high.

In June, 9.5438+00, the average rent of Manhattan apartment increased by 18% compared with the same period of last year, reaching $3,382, the largest increase since records began.

10, Nomura: The seeds of the next inflation crisis may have been planted in food prices.