EUR/USD suffered wild mood swings as the positive correlation with risk was reestablished, analysts at Danske Bank apprise. Key quotes “Lagarde’s unfortunate spread comment re-opened the sovereign risk channel for EUR, reminding markets of its institutional malfunctions and causing a loss of confidence in the single currency.” “The sweetened access to USD liquidity may alleviate funding strains near term, but after the ECB re-opened the Italy risk factor for EUR and as the Fed has arguably come close to using up its readily available tools, the cross may end up seeing little relief. That goes especially if the call upon EU fiscal policy is not heeded by politicians.” “We see a tangible risk that EUR/USD could go well below 1.10 in a further disorderly sell-off.” 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 UK Govt spokesman: UK, EU looking at ways for video conferencing for trade talks FX Street 2 years EUR/USD suffered wild mood swings as the positive correlation with risk was reestablished, analysts at Danske Bank apprise. Key quotes “Lagarde's unfortunate spread comment re-opened the sovereign risk channel for EUR, reminding markets of its institutional malfunctions and causing a loss of confidence in the single currency.” “The sweetened access to USD liquidity may alleviate funding strains near term, but after the ECB re-opened the Italy risk factor for EUR and as the Fed has arguably come close to using up its readily available tools, the cross may end up seeing little relief. That goes especially if the call upon… 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.
