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28.04.2020 EUR/USD Daily Analysis

EUR/USD is trading at $1.0828.  WTI prices have continued to fall and have crushed any optimism about the lifting of lockdown restrictions around

28.04.2020 EUR/USD Daily Analysis
Yazar: Zack Smith

Yayınlanma: 29 Nisan 2020 02:09

Güncellenme: 14 Aralık 2025 02:47

28.04.2020 EUR/USD Daily Analysis

EUR/USD is trading at $1.0828.  WTI prices have continued to fall and have crushed any optimism about the lifting of lockdown restrictions around the world, causing investors to seek the USD as a safe haven. The USD Index went up by 0.2%. WTI is trading at $10.20 (-20.19%) even though many governments have announced the easing of restrictions. The hardest-hit country in Europe, Italy, has announced that they plan to ease lockdown restrictions from the 4th of May. In Germany, Volkswagen, the world`s largest carmaker by sales resumed work on Monday at its Wolfsburg headquarters. Investors will be watching out for the outcome of the Fed meeting ending on Wednesday and the EU Central Bank meeting on Thursday.  
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