EUR/USD dropped below 1.10 on Tuesday and is struggling to recover as Germany is warming up toward European-wide bonds, and the US is ready to send Americans money, Yohay Elam from FXStreet informs. Key quotes “Corona-bonds probably sounds better than euro-bonds. However, given the economic paralysis following the locking down of citizens, everything is on the table. After France pledged €300 billion, Spain discussed €200 billion of spending.” “The German ZEW Economic Sentiment plunged to -49.5 – the lowest in a decade.” “Treasury Secretary Steven Mnuchin is pushing through a plan to send every American a cheque worth $1,000 or more. Additional steps could pile up to a bill worth $1.2 trillion.” “It is already a severe crisis – threatening to turn into a global recession – is sending investors to the safety of the US dollar.” “Perhaps a more comprehensive plan from the eurozone and a pause in additional lockdowns could help the euro stabilize.” 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 Philippines announce stimulus measures – UOB FX Street 2 years EUR/USD dropped below 1.10 on Tuesday and is struggling to recover as Germany is warming up toward European-wide bonds, and the US is ready to send Americans money, Yohay Elam from FXStreet informs. Key quotes “Corona-bonds probably sounds better than euro-bonds. However, given the economic paralysis following the locking down of citizens, everything is on the table. After France pledged €300 billion, Spain discussed €200 billion of spending.” “The German ZEW Economic Sentiment plunged to -49.5 – the lowest in a decade.” “Treasury Secretary Steven Mnuchin is pushing through a plan to send every American a cheque worth $1,000 or… 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.
