Dollar strength has been a market theme since the start of 2018 while the EUR is the weakest performing G10 currency so far this month. Economists at Rabobank are not expecting a euro recovery. Key quotes “We see little chance of a concerted bounce in EUR/USD in the coming weeks unless the fears about coronavirus dissipate sharply.” “Given the USD’s safe haven function we interpret this as implying that the USD is set to be stronger for longer. By contrast, the EUR is currently being bogged down by the market’s reassessment of the German economic outlook.” “EUR/USD is likely to continue hovering around the 1.08 levels in the coming weeks. With a lot of bad news priced in, the EUR would likely be sensitive to better news either on the domestic Eurozone economy or about the coronavirus.” “If the economic news from China and S.E Asia worsens and the market consensus steps back from its hopes for a v-shaped recovery in Q2/Q3, EUR/USD would be vulnerable for a move towards 1.07 and potentially below.” 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 GBP/USD Price Analysis: Set-up warrants some caution before placing fresh directional bets FX Street 2 years Dollar strength has been a market theme since the start of 2018 while the EUR is the weakest performing G10 currency so far this month. Economists at Rabobank are not expecting a euro recovery. Key quotes “We see little chance of a concerted bounce in EUR/USD in the coming weeks unless the fears about coronavirus dissipate sharply.” “Given the USD’s safe haven function we interpret this as implying that the USD is set to be stronger for longer. By contrast, the EUR is currently being bogged down by the market’s reassessment of the German economic outlook.” “EUR/USD is likely to… 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.
