Strategists at National Bank of Canada are wagering to a drop in the EUR/USD pair by the end of the year, following economic data from the Eurozone which seems to have lost steam. Key quotes “The euro lost more than 1% in January amid virus-related USD strength but also due to ongoing domestic economic woes.” “The eurozone’s GDP was stagnant in the fourth quarter of last year, leaving growth for 2019 as whole at a six-year low of just 1.2%.” “Weakening growth has not surprisingly held inflation and inflation expectations back, suggesting the European Central Bank may further loosen monetary policy this year.” “While it kept monetary policy unchanged in January, the ECB acknowledged risks remain tilted to the downside. In anticipation of further divergence in monetary policies, we continue to expect EUR/USD to drop to 1.09 by year-end.” 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 Weekly Forecast: BTC gets a ticket to the moon FX Street 2 years Strategists at National Bank of Canada are wagering to a drop in the EUR/USD pair by the end of the year, following economic data from the Eurozone which seems to have lost steam. Key quotes “The euro lost more than 1% in January amid virus-related USD strength but also due to ongoing domestic economic woes.” “The eurozone’s GDP was stagnant in the fourth quarter of last year, leaving growth for 2019 as whole at a six-year low of just 1.2%.” “Weakening growth has not surprisingly held inflation and inflation expectations back, suggesting the European Central Bank may further loosen monetary… 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.
