The dash to cash continued benefitting the USD and prompted some aggressive selling. A modest recovery in the global risk sentiment helped ease the bearish pressure, Haresh Menghani from FXStreet reports. Key quotes “The dash for cash continued boosting the US dollar’s status as the global reserve currency and turned out to be one of the key factors that prompted some fresh selling around the major.” “The intraday bearish pressure aggravated after the preliminary estimate of the German IFO Business Climate fell to 87.7 in March from 96.” “The pair gained some positive traction during the Asian session on Friday and moved back above the 1.0750 region.” “Developments surrounding the coronavirus saga might continue to influence the broader market risk sentiment, leaving the pair at the mercy of the USD price dynamics.” 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 Copper Futures: Bounce looks short-lived FX Street 2 years The dash to cash continued benefitting the USD and prompted some aggressive selling. A modest recovery in the global risk sentiment helped ease the bearish pressure, Haresh Menghani from FXStreet reports. Key quotes “The dash for cash continued boosting the US dollar's status as the global reserve currency and turned out to be one of the key factors that prompted some fresh selling around the major.” “The intraday bearish pressure aggravated after the preliminary estimate of the German IFO Business Climate fell to 87.7 in March from 96.” “The pair gained some positive traction during the Asian session on Friday… 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.
