Monday, 2 March 2020

EUR/USD Rally Sputters as ECB Prepares to Combat Coronavirus

The recent rally in EUR/USD appears to be sputtering ahead of the yearly high (1.1222) as the ECB shows a greater willingness to combat the coronavirus.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...