The US Federal Reserve made another emergency cut bringing the interest rate to 0 - 0.25%. The EUR/USD continues it's bearish slide from 1.14.
EUR/USD Forecast
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Risk aversion pushes Gold up while Oil crumbles due to weak demand and a price war. The US dollar made significant moves for the week.
World equities alternated between losses and gains. Risk aversion swamps the market. What does this mean for the EUR/USD?
The US Stock Market closed with a drop of more than 7% in worst day since 2008 financial crisis. Currencies were not adversely affected.
Risk aversion pushes US 10 year note yield to a record low. Many conclude that the economic condition is to worsen. Apprehension is high.
The US Federal Reserve made an emergency cut of the interest rate. Likely priced in by the markets, price action is not significantly influenced.