+ Why do you expect euro goes downward !?
Answer :
New coronavirus-related restrictions
Eurozone growth to slow as second wave concerns intensify
ECB relaxes bank leverage
EUR money markets pricing in a chance of easing next year
** ECB to allow the virus to push euro lower and then hit it on its way down with more QE **
ECB is concerned about the exchange rate
The lower EU inflation puts pressure on the common currency
EUR/USD rally has not been backed by equity flows recently
+ ECB = EURO CENTRAL BANK
Answer :
New coronavirus-related restrictions
Eurozone growth to slow as second wave concerns intensify
ECB relaxes bank leverage
EUR money markets pricing in a chance of easing next year
** ECB to allow the virus to push euro lower and then hit it on its way down with more QE **
ECB is concerned about the exchange rate
The lower EU inflation puts pressure on the common currency
EUR/USD rally has not been backed by equity flows recently
+ ECB = EURO CENTRAL BANK