OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD: Coronavirus to keep any upside capped – ANZ

The uncertainty unchained by Covid-19 is set to cap the EUR/USD recovery in the opinion of analysts at ANZ Bank.

Key quotes

“Given the euro area’s high beta to global trade, we expect more global uncertainty around the virus to keep any upside capped.”

“The economy remains weak, and the huge shock to supply chains will be felt for some time.”   

“Spot: 1.10 ANZ Fair value: 1.07”

 

China: Back in business – NAB

It may be some time before China returns to normal activity levels given the likely slower recovery in confidence and the weaker global economic envir
Read more Previous

USD/CHF recovers early lost ground to over 1-week lows, lacks follow-through

The USD/CHF pair managed to recover the early lost ground to over one-week lows and is currently placed near the top end of its daily trading range, a
Read more Next
Start livechat