Loosening the Growth and Stability Pact is now being forced upon EU and ECB credibility has been put on the line. Both are likely to weigh on EUR/USD, according to economists at Westpac Institutional Bank. Key quotes “Markets now need to weigh whether the ECB’s emergency decision to boost APP to EUR750bn will bring some stability to yields given the change in the Stability and Growth Pact.” “We suspect that EUR/USD may now have shifted into a lower 1.07-1.11 range.” 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 Coronavirus: Recession in virtually all G10 countries – Rabobank FX Street 2 years Loosening the Growth and Stability Pact is now being forced upon EU and ECB credibility has been put on the line. Both are likely to weigh on EUR/USD, according to economists at Westpac Institutional Bank. Key quotes “Markets now need to weigh whether the ECB’s emergency decision to boost APP to EUR750bn will bring some stability to yields given the change in the Stability and Growth Pact.” “We suspect that EUR/USD may now have shifted into a lower 1.07-1.11 range.” 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.
