According to economists at Westpac, Italian political stress may hold back dissemination of the Recovery Fund and weigh on EUR/USD. Thus, the pair could test support of its current 1.20-1.23 range. Key quotes “Inflation risks remain to the downside within the region given the extension of stringent lockdowns across its major economies. ZEW current conditions in the region have failed to follow the surges seen in ZEW expectations. The index tends to lead regional inflation and this therefore underscores the lack of inflationary pressures.” “In addition to vaccine roll-outs there is bound to be further discussion about Recovery Fund implementation. Italy’s political stress may cause net donor countries to resist early release of funds, putting pressure on post-covid lockdown recovery and swinging easing pressure back on to ECB.” “EUR/USD has been capped around 1.23 and is at risk of sorely retesting 1.20 range support.” 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 Gold: Rising inflation to keep real interest rates low, a key support for XAU/USD – ANZ FX Street 2 years According to economists at Westpac, Italian political stress may hold back dissemination of the Recovery Fund and weigh on EUR/USD. Thus, the pair could test support of its current 1.20-1.23 range. Key quotes “Inflation risks remain to the downside within the region given the extension of stringent lockdowns across its major economies. ZEW current conditions in the region have failed to follow the surges seen in ZEW expectations. The index tends to lead regional inflation and this therefore underscores the lack of inflationary pressures.” “In addition to vaccine roll-outs there is bound to be further discussion about Recovery Fund implementation.… 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.
