The ECB is more likely than not to loosen monetary policy via further unconventional measures amid the likelihood of deep recessions. That would, in theory, weigh on the euro, according to economists at the National Bank of Canada. Key quotes “Already battered by prospects of a deep eurozone recession, the euro has room to fall further. The ECB will pull all the stops to cushion the blow by delving deeper in unconventional policies.” “Political backlash from the European Union’s apparent mishandling of the coronavirus crisis in places like Italy, which is fomenting talk of a potential break-up of the union, won’t help the common currency either.” “We continue to expect EUR/USD to drop to 1.03 this year.” 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 Wall Street starts week sharply higher boosted by risk-on flows FX Street 2 years The ECB is more likely than not to loosen monetary policy via further unconventional measures amid the likelihood of deep recessions. That would, in theory, weigh on the euro, according to economists at the National Bank of Canada. Key quotes “Already battered by prospects of a deep eurozone recession, the euro has room to fall further. The ECB will pull all the stops to cushion the blow by delving deeper in unconventional policies.” “Political backlash from the European Union’s apparent mishandling of the coronavirus crisis in places like Italy, which is fomenting talk of a potential break-up of the union,… 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.
