EUR USD Downside risks as COVID 19 continues to spread in Europe MUFG

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EUR #USD Downside risks as COVID 19 continues to spread in Europe MUFG
http://ntvforex.com/news/?id=830174. . 5 minutes ago . By NTVForex Team . . . The scope for a #USD correction stronger remains rooted in the continued spread of COVID globally relative to the US. #EUR USD, which plunged on Wednesday to 1.1850 from near two year highs of 1.1956, has benefitted from a relatively positive outlook for growth driven in part by COVID improving relative to the US. That is no longer the case and has the potential to undermine the euro over the coming weeks, per MUFG Bank. . Key quotes . The spread remains notable in the US but the direction of travel at least shows a slowing of the spread. The 7 day average of the daily change in COVID cases in the US continues to drop notably, falling from a peak of 67k on 22nd July to 47.5k as of yesterday. That s in sharp contrast to the situation in Europe. . The largest European countries impacted by COVID have seen the 7 day average daily increase in ...
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