FX.co - Urgent! Fed lowered the rate by 0.5% to 1.0-1.25% due to coronavirus. EURUSD is growing

2020-03-03T23:11:34

Relevance until2020-03-04

The Fed urgently (outside the scheduled meeting!) Lowered the rate by 0.5% - to the range of 1.000-1.125%,

In order to reduce the negative for the economy from the effects of coronavirus.

The euro continued to grow and broke up to 1.1200.

The next target for the euro is 1.1246.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Urgent! Fed lowered the rate by 0.5% to 1.0-1.25% due to coronavirus. EURUSD is growing