EUR may gain from the initial rush of enthusiasm over the Macron/Merkel Recovery Plan and easing of lockdown restrictions, but upside is likely to be limited, according to analysts at Westpac. Key quotes “The recent Macron/Merkel proposals for a shared responsibility COVID-19 Recovery Fund for the region has heralded talk of the EU’s Hamiltonian moment, which brings forth genuine fiscal union, but the realities of EU politics mean that this is far from a secured deal.” “Germany’s legal rulings against ECB and ECJ as well as potential for the Frugal Four to lead opposition against a Recovery Fund may not be key issues at present, but they will return and dampen current EUR rebounds.” “Markets are currently focusing upon marked improvements in sentiment and so EUR/USD may breach its recent 1.07-1.10 range for a push to 1.12.” 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 UK: CBI Industrial Trends Survey – Orders fell to record low of -62 in April FX Street 2 years EUR may gain from the initial rush of enthusiasm over the Macron/Merkel Recovery Plan and easing of lockdown restrictions, but upside is likely to be limited, according to analysts at Westpac. Key quotes “The recent Macron/Merkel proposals for a shared responsibility COVID-19 Recovery Fund for the region has heralded talk of the EU’s Hamiltonian moment, which brings forth genuine fiscal union, but the realities of EU politics mean that this is far from a secured deal.” “Germany’s legal rulings against ECB and ECJ as well as potential for the Frugal Four to lead opposition against a Recovery Fund may not… 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.
