EUR/USD. February 26, 2020 – Euro declines from 1.09
Negative sentiment continues to dominate global markets as investors fear the coronavirus epidemic could escalate into a global pandemic. As you know, the number of cases outside of China continues to grow steadily.
Yesterday, US President Donald Trump announced that the vaccine against the virus would be ready soon, and also announced the upcoming cut in taxes on the middle class in the United States, but this news did not support the dollar. The current quotation of the pair is 1.0870.
The euro has been strengthening for several days. Currency is supported by technical factors: most carry trade operations in emerging markets are funded by the euro, which is strengthened when investors withdraw from risky assets.
However, the coronavirus continues to spread throughout Europe, which puts European currency at risk. During the day, we expect a decrease in the euro from the level of 1.09.
Negative sentiment continues to dominate global markets as investors fear the coronavirus epidemic could escalate into a global pandemic. As you know, the number of cases outside of China continues to grow steadily.
Yesterday, US President Donald Trump announced that the vaccine against the virus would be ready soon, and also announced the upcoming cut in taxes on the middle class in the United States, but this news did not support the dollar. The current quotation of the pair is 1.0870.
The euro has been strengthening for several days. Currency is supported by technical factors: most carry trade operations in emerging markets are funded by the euro, which is strengthened when investors withdraw from risky assets.
However, the coronavirus continues to spread throughout Europe, which puts European currency at risk. During the day, we expect a decrease in the euro from the level of 1.09.