The coronavirus pandemic has greatly amplified the existing vulnerabilities of the financial sector, corporates and sovereigns, the European Central Bank (ECB) said in its biannual financial stability report. Additional takeaways “Commercial banks to face significant losses and further pressure on already low profitability.” “Sovereign spreads may rise further, impacting banks, corporates.” “More severe downturn may put public debt on an unsustainable path.” “Debt sustainability concerns could further raise the market assessment of redenomination risk.” Market reaction The EUR/USD pair largely ignored this report and was last seen gaining 0.72% on a daily basis at 1.0977. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Silver New York Price Forecast: XAG/USD challenging the 17.45 resistance, bullish FX Street 3 years The coronavirus pandemic has greatly amplified the existing vulnerabilities of the financial sector, corporates and sovereigns, the European Central Bank (ECB) said in its biannual financial stability report. Additional takeaways "Commercial banks to face significant losses and further pressure on already low profitability." "Sovereign spreads may rise further, impacting banks, corporates." "More severe downturn may put public debt on an unsustainable path." "Debt sustainability concerns could further raise the market assessment of redenomination risk." Market reaction The EUR/USD pair largely ignored this report and was last seen gaining 0.72% on a daily basis at 1.0977. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
