The spread of the disease to NYC has had a profound impact on markets and the dollar’s weakness has already sent EUR/USD to 1.1278, which is 501 pips below the trough in mid-February. Further virus news and US Non-Farm Payrolls are all eyed, Yohay Elam from FXStreet reports. Key quotes “Thousands of people are reportedly quarantined in the world’s financial capital. Moreover, the US is lagging behind in testing for the disease, and many fear that the number of cases in the world’s largest economy will leap.” “President Donald Trump has finally acknowledged that the US will suffer economically from the disease after expressing doubts earlier. “The disease also continues spreading in Europe with Italy confirming 148 deaths and Germany’s infection rate surpassing 500. Italy’s decision to close schools and universities through March 15 weighed on the euro earlier this week but is now forgotten as the focus shifts to the US.” “The US Non-Farm Payrolls report – usually a massive market-mover – is likely to have only a temporary impact as coronavirus news hogs the headlines. Economists expect an increase of 175,000 jobs in February.” 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 Breaking: EUR/USD breaks above 1.13 on coronavirus fears, Gold nears 7-year high FX Street 2 years The spread of the disease to NYC has had a profound impact on markets and the dollar's weakness has already sent EUR/USD to 1.1278, which is 501 pips below the trough in mid-February. Further virus news and US Non-Farm Payrolls are all eyed, Yohay Elam from FXStreet reports. Key quotes “Thousands of people are reportedly quarantined in the world's financial capital. Moreover, the US is lagging behind in testing for the disease, and many fear that the number of cases in the world's largest economy will leap.” “President Donald Trump has finally acknowledged that the US will suffer economically from… 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.
