Euro relies on instincts

Many economic laws do not work because of the panic in financial markets

For Courage. The euro’s rise following the ECB decision to boost its bond-buying program up to €750 billion through 2020 became a kind of award for the central bank’s courage. In a different environment, such ECB measures would drop the euro. The European Central Bank will provide €1 trillion of cheap liquidity, the most ever! However, I am not surprised, as the Bloomberg USD index hits an all-time high after the Fed’s rate cut by 1%.

Amid the strong uncertainty resulted from the coronavirus breakout and the…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>