“The German economy is not affected by coronavirus” – says the IFO, Germany’s leading think tank. His words – accompanied by a minor beat in the institution’s Business Climate figure for February – are helping EUR/USD recovery, FXStreet’s analyst Yohay Elam reports. Key quotes “IFO’s optimism may be unwarranted – or perhaps already outdated. Since the survey was taken, the virus has already taken the lives of four people in northern Italy where authorities have put several towns under lockdown. The disease is taking an economic toll on Europe and Germany is unlikely to be immune.” “German growth has been fueled by Chinese demand in recent years and if the world’s second-largest economy grinds to a halt – Europe’s biggest one would feel the pain.” “For the dollar, coronavirus has been most beneficial. The greenback benefits from safe-haven flow into US bonds. On the other hand, lower bond yields make the world’s reserve currency less attractive.” “While not all factors are EUR/USD bearish, the old continent is likely to struggle with the virus more than America.” 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 Iranian member of parliament: Coronavirus death toll in Qom is nearly 50 – ILNA FX Street 2 years "The German economy is not affected by coronavirus" – says the IFO, Germany's leading think tank. His words – accompanied by a minor beat in the institution's Business Climate figure for February – are helping EUR/USD recovery, FXStreet’s analyst Yohay Elam reports. Key quotes “IFO’s optimism may be unwarranted – or perhaps already outdated. Since the survey was taken, the virus has already taken the lives of four people in northern Italy where authorities have put several towns under lockdown. The disease is taking an economic toll on Europe and Germany is unlikely to be immune.” “German growth has been… 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.