Euro Under Pressure Again. Overview 24.07.2019
The euro/dollar pair is declining in the middle of the week due to the news from America. The current quotation EURUSD is 1.1143. Yesterday the US President Donald Trump solved the most acute problems of the US government funding. He made a two-year deal with the US lawmakers, soliciting larger government loans. This means that for the two years to come the federal government is sort of insured from halts in its work (as it has happened this winter). In fact, this is Trump’s home-policy victory, and the dollar’s behaviour illustrates this all too well.
What is more, the euro is compromised by the perspective of the ECB session tomorrow, which is expected to give new stimuli to softening of the credit and monetary conditions. It is supposed that on Thursday the European regulator will announce a decrease of the deposit rate from the current -0.40% per annum. Additionally, the ECB is expected to keep it mild with the regulator from now on, which also influences the euro.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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