EUR/USD. April 28, 2020 – Euro is moderately growing to 1.09
The euro continues to grow on Tuesday, approaching 1.09. The fact is that the US dollar fell across the entire spectrum of the market after the growth of futures for US stock indices. Moreover, the appetite for risky assets increased after many countries presented plans to ease quarantine restrictions for many enterprises.
Today is not rich in macroeconomic publications. Attention may be drawn only by data on home sales in the US secondary market for March (a decrease of 9.7% is expected), as well as an indicator of consumer confidence and the Richmond Fed manufacturing index for April.
Market participants remain neutral in anticipation of tomorrow's meeting of the US Federal Reserve. And although analysts do not expect the introduction of any additional incentive measures, the regulator will have to provide relevant estimates of the economic consequences of the virus.
The euro continues to grow on Tuesday, approaching 1.09. The fact is that the US dollar fell across the entire spectrum of the market after the growth of futures for US stock indices. Moreover, the appetite for risky assets increased after many countries presented plans to ease quarantine restrictions for many enterprises.
Today is not rich in macroeconomic publications. Attention may be drawn only by data on home sales in the US secondary market for March (a decrease of 9.7% is expected), as well as an indicator of consumer confidence and the Richmond Fed manufacturing index for April.
Market participants remain neutral in anticipation of tomorrow's meeting of the US Federal Reserve. And although analysts do not expect the introduction of any additional incentive measures, the regulator will have to provide relevant estimates of the economic consequences of the virus.