EUR/USD Weakens After ECB Stimulus Fails
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The 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.
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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