EURUSD Update - Potential Second Wave on the Horizon

Hello Traders,

Just a quick 3 min video update.

The euro zone is “probably past” the worst of the economic crisis caused by the coronavirus pandemic, European Central Bank President Christine Lagarde said on Friday, while urging authorities to prepare for a possible second wave.

“We probably are past the lowest point and I say that with some trepidation because of course there could be a severe second wave,” Lagarde told an online event. The U.S., the world’s economic driver, has posted a record number of new coronavirus cases, with state health departments reporting a total of over 37,000 new cases on Thursday. In fact, Texas was forced to pause its re-opening, with Houston’s intensive-care wards reaching capacity.

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~Michael Harding