The failure of Eurogroup to find fiscal cooperation could raise existential issues for EUR once COVID-19 crisis subsides even if a plateau in cases eases immediate EUR pressure, according to analysts at Westpac Institutional Bank. Key quotes “The current impasse over how to provide a blanket level of support will only inflame such potential rifts unless it can be broken quickly.” “Despite the massive measures taken by global central banks, short term funding mechanisms continue to show strain into the Easter weekend.” “If the EU fails to find a solution into next week, funding squeezes are likely to add on EUR strains and force a retest of recent EUR/USD lows (1.0635-50).” 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 Canada: V-shaped recovery is not on the cards – CIBC FX Street 2 years The failure of Eurogroup to find fiscal cooperation could raise existential issues for EUR once COVID-19 crisis subsides even if a plateau in cases eases immediate EUR pressure, according to analysts at Westpac Institutional Bank. Key quotes “The current impasse over how to provide a blanket level of support will only inflame such potential rifts unless it can be broken quickly.” “Despite the massive measures taken by global central banks, short term funding mechanisms continue to show strain into the Easter weekend.” “If the EU fails to find a solution into next week, funding squeezes are likely to add on EUR… 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.
