The euro rally o=bserved over the last two weeks has been fuelled by the coronavirus stimulus proposal says the FX analysts’ team at Rabobank, who see the pair still vulnerable, aiming towards 1.05 in the next three months. Key quotes “If the bulls are correct, the USD could trend lower from here. In our view, however, the threat of mass unemployment, deep recession and geopolitical tension should keep nerves frayed and the safe-haven USD supported against a broad basket of currencies.” “If all 27 nations can ratify this budget without too much difficulty, this could be a game-changer in terms of cohesion within the EU. This could significantly bolster the position of the EUR.” “That said, ‘horse trading’ and ‘muddling through’ are more usual in Europe. Consequently, we consider it to be too early to alter our forecast that EUR/USD will dip lower towards 1.05 on a 3-month view.” 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 Turkey: Despite the downside surprise of 1Q GDP, we still maintain 0% 2020 GDP forecast – BBVA FX Street 3 years The euro rally o=bserved over the last two weeks has been fuelled by the coronavirus stimulus proposal says the FX analysts’ team at Rabobank, who see the pair still vulnerable, aiming towards 1.05 in the next three months. Key quotes “If the bulls are correct, the USD could trend lower from here. In our view, however, the threat of mass unemployment, deep recession and geopolitical tension should keep nerves frayed and the safe-haven USD supported against a broad basket of currencies.” “If all 27 nations can ratify this budget without too much difficulty, this could be a game-changer in terms of cohesion within… 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.
