EUR/USD is on the back foot after Biden leads on Super Tuesday. US bond yields and the US dollar are reacting positively to the political news, pushing EUR/USD lower. The Fed’s emergency rate cut, coronavirus headlines, and top-tier US figures are eyed, as FXStreet’s Yohay Elam notes. Key quotes “The dollar is feeling energetic as centrist Joe Biden is in the lead in the Democrats’ ‘Super Tuesday.’ Leftist rival Bernie Sanders is trailing behind. Investors prefer a business-friendly candidate to run against President Donald Trump.” “The greater story for financial markets is the coronavirus outbreak – and the Federal Reserve’s dramatic response. The world’s most powerful took the initiative and announced an emergency 50 basis-point rate cut to mitigate the economic fallout from the crisis.” “The ADP private-sector jobs report is set to show a sub-200,000 gain – back to healthy normal levels – after a whopping increase of 291,000 in January. The report serves as a hint toward Friday’s jobs report.” “The ISM Non-Manufacturing Purchasing Managers’ Index is forecast to show ongoing solid growth in the US’ largest sector. with a score of around 55.” 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 Bitcoin futures trading volumes on CME collapse adding woes to Bitcoin bulls FX Street 2 years EUR/USD is on the back foot after Biden leads on Super Tuesday. US bond yields and the US dollar are reacting positively to the political news, pushing EUR/USD lower. The Fed's emergency rate cut, coronavirus headlines, and top-tier US figures are eyed, as FXStreet’s Yohay Elam notes. Key quotes “The dollar is feeling energetic as centrist Joe Biden is in the lead in the Democrats' ‘Super Tuesday.’ Leftist rival Bernie Sanders is trailing behind. Investors prefer a business-friendly candidate to run against President Donald Trump.” “The greater story for financial markets is the coronavirus outbreak – and the Federal Reserve's… 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.
