EUR/USD is under fresh pressure amid the ECB’s emergency action while dollar demand, coronavirus headlines, and US jobless claims are of interest, Yohay Elam from FXStreet briefs. Key quotes “The ECB launched the Pandemic Emergency Purchase Program (PEPP) in which it will buy both private and public sector securities. The euro benefited from the pledge to help, but flooding the world with currency means every euro’s value is diluted.” “The devastating spread of the disease in the old continent and the ongoing lockdown weigh on the euro. The number of Covid-19 cases in Europe has surpassed that in China.” “The world’s reserve currency is now the ultimate safe-haven. Investors are in a ‘sell-everything’ mode and money flows to the US dollar.” “Weekly jobless may show a rise in claims as shutdown may trigger the first layoffs.” 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 USD/CHF holds steady near monthly tops, above 0.9700 mark post-SNB FX Street 2 years EUR/USD is under fresh pressure amid the ECB's emergency action while dollar demand, coronavirus headlines, and US jobless claims are of interest, Yohay Elam from FXStreet briefs. Key quotes “The ECB launched the Pandemic Emergency Purchase Program (PEPP) in which it will buy both private and public sector securities. The euro benefited from the pledge to help, but flooding the world with currency means every euro's value is diluted.” “The devastating spread of the disease in the old continent and the ongoing lockdown weigh on the euro. The number of Covid-19 cases in Europe has surpassed that in China.” “The… 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.
