Coronavirus is spreading and so are fears of the severe economic fallout as investors are rotating out of stocks and into bonds. This crash in returns on US long term borrowing is weighing heavily on the dollar, pushing EUR/USD close to 1.15, Yohay Elam from FXStreet briefs. Key quotes “In the US, the number of cases climbed to 566 with 22 mortalities. While the Federal Reserve cut rates and will probably do more, the government is seemingly moving slowly.” “When the US takes more action – potentially by discouraging travel – the greenback may further fall. PIMCO, a global investment management firm, now foresees and outright the US recession.” “The eurozone may also enter a recession, but the common currency is rising partly due to the inability of the European Central Bank to act.” “The German government has room to lift the euro by opening its purse strings. German Chancellor Angela Merkel has said the government will provide high liquidity to companies.” “The key to further gains for the euro – regardless of the dollar – is Merkel taking advantage of the crisis to change policy.” 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/DKK: Trading around 7.4730 without surprises – Danske Bank FX Street 3 years Coronavirus is spreading and so are fears of the severe economic fallout as investors are rotating out of stocks and into bonds. This crash in returns on US long term borrowing is weighing heavily on the dollar, pushing EUR/USD close to 1.15, Yohay Elam from FXStreet briefs. Key quotes “In the US, the number of cases climbed to 566 with 22 mortalities. While the Federal Reserve cut rates and will probably do more, the government is seemingly moving slowly.” “When the US takes more action – potentially by discouraging travel – the greenback may further fall. PIMCO, a global investment… 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.