EUR/USD: Coronavirus to keep any upside capped – ANZ

Market news

27 March 2020

EUR/USD: Coronavirus to keep any upside capped – ANZ

FXStreet reports that in the opinion of analysts at ANZ Bank, the uncertainty unchained by Covid-19 is set to cap the EUR/USD recovery.

“Given the euro area’s high beta to global trade, we expect more global uncertainty around the virus to keep any upside capped.”

“The economy remains weak, and the huge shock to supply chains will be felt for some time.”

“Spot: 1.10 ANZ Fair value: 1.07”

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