EUR/USD has surged to 14-month highs amid escalating coronavirus fears. Tumbling US bond yields, crashing oil prices, and further virus headlines are in focus today, according to Yohay Elam from FXStreet. Key quotes “Bond markets are pricing a sharp reduction of interest rates – 75 basis points – by the Federal Reserve in its scheduled meeting next week. “Italy will likely suffer a recession, and other countries in the eurozone will likely follow. Nevertheless, the Fed has more room to cut than the European Central Bank. The Frankfurt-based institution convenes this week and may announce a new stimulus.” “Investors are also worried about the spread of the disease in the US, where a lack of test kits for the respiratory illness is raising fears of a widespread outbreak.” “The spectacular crash in oil prices is also dampening the mood and exacerbating the rush into US debt, and thus pushing euro/dollar higher.” 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 AUD/USD extends intraday recovery from 11-year lows, back near 0.6600 mark FX Street 2 years EUR/USD has surged to 14-month highs amid escalating coronavirus fears. Tumbling US bond yields, crashing oil prices, and further virus headlines are in focus today, according to Yohay Elam from FXStreet. Key quotes “Bond markets are pricing a sharp reduction of interest rates – 75 basis points – by the Federal Reserve in its scheduled meeting next week. “Italy will likely suffer a recession, and other countries in the eurozone will likely follow. Nevertheless, the Fed has more room to cut than the European Central Bank. The Frankfurt-based institution convenes this week and may announce a new stimulus.” “Investors are… 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.
