EUR/USD has been attempting to stabilize around the lowest since 2017. Economic divergence, coronavirus headlines and the FOMC Meeting Minutes await traders, Yohay Elam from FXStreet reports. Key quotes “The economic divergence between the struggling eurozone and the upbeat US economy remains the main downside driver for euro/dollar.” “The coronavirus outbreak is also weighing on the common currency as Germany relies heavily on exports to China.” “Markets are awaiting the Federal Open Markets Committee (FOMC) Meeting Minutes for its January meeting. The Fed left rates unchanged and made only subtle changes to its accompanying statement.” “Investors will look for any hints about changes in policy – related to the coronavirus or other factors.” “Bond markets are foreseeing a rate reduction later 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 EUR/USD: Potential selling opportunity coming FX Street 2 years EUR/USD has been attempting to stabilize around the lowest since 2017. Economic divergence, coronavirus headlines and the FOMC Meeting Minutes await traders, Yohay Elam from FXStreet reports. Key quotes “The economic divergence between the struggling eurozone and the upbeat US economy remains the main downside driver for euro/dollar.” “The coronavirus outbreak is also weighing on the common currency as Germany relies heavily on exports to China.” “Markets are awaiting the Federal Open Markets Committee (FOMC) Meeting Minutes for its January meeting. The Fed left rates unchanged and made only subtle changes to its accompanying statement.” “Investors will look for any… 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.
