California’s coronavirus issues outweigh Italy’s as the EUR/USD pair has been rising as the dollar slides with falling yields. Growing concerns about the disease may push the pair to new 2020 highs, according to FXStreet’s analyst Yohay Elam Key quotes “Wall Street is down again, and the rotation of investors from stocks to bonds is weighing on the dollar, as lower yields make the dollar less attractive and imply another rate cut by the Federal Reserve.” “The Fed is on course to continue cutting from the current 1-1.25% range while the European Central Bank is also projected to reduce borrowing costs next week, its deposit rate is at -0.50% and has limited scope to act.” “Overall, the US is lagging behind the eurozone in both treating the disease and with monetary stimulus. The direction of travel matters more than the economic situation, which is more favorable in the US.” 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 Wall Street opens sharply lower, erases majority of Wednesday’s gains FX Street 2 years California's coronavirus issues outweigh Italy's as the EUR/USD pair has been rising as the dollar slides with falling yields. Growing concerns about the disease may push the pair to new 2020 highs, according to FXStreet’s analyst Yohay Elam Key quotes “Wall Street is down again, and the rotation of investors from stocks to bonds is weighing on the dollar, as lower yields make the dollar less attractive and imply another rate cut by the Federal Reserve.” “The Fed is on course to continue cutting from the current 1-1.25% range while the European Central Bank is also projected to reduce borrowing… 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.
