Friday, 6 November 2020

Euro Forecast: EUR/USD Gains on Election, EU-US Tariffs to Derail Markets?

The Euro rose as the US Dollar sank on the US election. With Joe Biden in the lead, will the EU impose WTO-approved retaliatory tariffs on the US? All eyes are also on the ECB’s forum.

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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...