ANZ analysts see upside risks to EUR/Asia pairs as the coronavirus outbreak is likely to impact Asian economies more than the Eurozone. Key points We started 2020 with a more constructive view on Asia FX, as after two years of confrontation, the US and China signed a Phase One trade deal. The trade optimism, however, was short-lived due to the coronavirus outbreak, which is likely to have a bigger impact on Asian economies via the tourism and trade channels. It is unlikely that the euro will begin a sustained recovery until the output data start to improve. We maintain our slightly constructive view on EUR, expecting EUR/USD to end this year at 1.12. We see upside risk in EUR/Asia crosses (EUR/SGD, EUR/CNH, EUR/KRW and EUR/INR). 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 IOTA Market Update: IOT/USD hovers above $0.33 as network focuses on the Chrysalis upgrade FX Street 2 years ANZ analysts see upside risks to EUR/Asia pairs as the coronavirus outbreak is likely to impact Asian economies more than the Eurozone. Key points We started 2020 with a more constructive view on Asia FX, as after two years of confrontation, the US and China signed a Phase One trade deal. The trade optimism, however, was short-lived due to the coronavirus outbreak, which is likely to have a bigger impact on Asian economies via the tourism and trade channels. It is unlikely that the euro will begin a sustained recovery until the output data start to improve. We maintain our… 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.
