+ Why do you expect euro goes downward !?
Answer :
New coronavirus-related restrictions
Eurozone growth to slow as second wave concerns intensify
ECB relaxes bank leverage
EUR money markets pricing in a chance of easing next year
** ECB to allow the virus to push euro lower and then hit it on its way down with more QE **
ECB is concerned about the exchange rate
The lower EU inflation puts pressure on the common currency
EUR/USD rally has not been backed by equity flows recently
+ ECB = EURO CENTRAL BANK
Answer :
New coronavirus-related restrictions
Eurozone growth to slow as second wave concerns intensify
ECB relaxes bank leverage
EUR money markets pricing in a chance of easing next year
** ECB to allow the virus to push euro lower and then hit it on its way down with more QE **
ECB is concerned about the exchange rate
The lower EU inflation puts pressure on the common currency
EUR/USD rally has not been backed by equity flows recently
+ ECB = EURO CENTRAL BANK
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.