Risks of recession in various regions could stoke fears of a liquidity crunch and support USD demand. Analysts at Rabobank continue to see risk of another test of EUR/USD 1.08 before the currency pair moves higher later in the year. Key quotes “In our view demand for the USD is likely to be firm as long as the coronavirus crisis continues and fears of recession build in various parts of the global economy.” “A rise in recessionary risks around the world is likely to support the JPY and the CHF, which are the established safe-haven currencies. That said, we also see the USD as remaining firm against a broad range of currencies on this scenario as investors attempt to avoid any risk of a liquidity crunch.” “We see scope for a dip in EUR/USD back towards the 1.08 area on a 1 to 3-month view before a recovery towards the 1.13 area as the effects of the crisis diminish.” 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 BoC to cut rates again in April in addition to today’s 50bps – RBC FX Street 2 years Risks of recession in various regions could stoke fears of a liquidity crunch and support USD demand. Analysts at Rabobank continue to see risk of another test of EUR/USD 1.08 before the currency pair moves higher later in the year. Key quotes “In our view demand for the USD is likely to be firm as long as the coronavirus crisis continues and fears of recession build in various parts of the global economy.” “A rise in recessionary risks around the world is likely to support the JPY and the CHF, which are the established safe-haven currencies. That said, we also… 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.
