The Euro leans towards decline. Overview for 28.04.2020

The major currency pair is retreating a little bit on Tuesday; investors prefer not to risk in anticipation of the ECB and US Federal Reserve meetings. 

On Tuesday morning, EURUSD is falling, but just a little bit, in anticipation of the news. The current quote for the instrument is 1.0814.

This week, there will be meetings of to major regulators, the European Central Bank (Thursday) and the US Federal Reserve System (Wednesday). Market players are not very curious about rate decisions, they were already made in March. However, comments from both sides may be really interesting. 

The ECB is highly likely to talk about its willingness to do everything it can for stimulating the area’s economy, for example, extending the QE program. 

At the same time, the European regulator has an ace up its sleeve – the reputation of an effective crisis manager along with the flawless reputation of its Governor, Christine Lagarde. If her speech is energetic and aggressive enough to convince market players that the stimulus program works and the region’s economy is stronger after the crisis than it was before, the ECB won’t have to implement real measures. 

One way or another, it will take the statistics pretty much time to show the complete economic recovery.