EUR/USD Weakens After ECB Stimulus Fails

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EUR/USD Weakens After ECB Stimulus FailsThe Euro is still trading weak against the US dollar a day after the ECB announced its stimulus measures to protect the Eurozone economy from possible weakness driven by the coronavirus outbreak. At the time of writing, EUR/USD is trading around 1.118.  EUR/USD Weakens After ECB Stimulus Fails news today. FxPremiere is growing globally and helping all onlookers will live forex news and live forex signals for major pairs.

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In comparison, the US looks set to take more measures towards protecting its economy in the wake of the coronavirus outbreak, which recently became a pandemic officially. On Thursday, the New York Fed announced additional liquidity in short-term lending by $1.5 trillion and also confirmed that it would add maturities to its Treasury purchases to offset any panic reaction in financial markets.

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EUR/USD turned even more bearish as the market sentiment deteriorated and traders turned to the dollar as a preferred safe haven currency as a result of the heightened uncertainty in the markets.

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