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EUR/USD: euro walks along the edge of the bottom

The misadventures of the single European Currency continue. The worst (since the 2012 currency block debt crisis) eurozone industrial production dynamics and a sharp increase in the number of deaths and infections with coronavirus in China triggered a drop in EUR / USD to its lowest level since April 2017. Meanwhile, investors continue to buy the us dollar not only as a protective asset, but also as a currency whose issuing country's economy demonstrates resistance to negative external factors. Most of the 63 experts recently polled by The Wall Street Journal believe that, US GDP growth in the first quarter will slightly slow down (by 0.5% or even less) due to the coronavirus epidemic. The consensus estimate for 2020 is 1.9%, for January while 1.6% in March. And according to Fed Chairman Jerome Powell, the US economy is still in excellent shape and there is no reason to believe that the period of low unemployment, wage growth and job creation will end. Moreover, economic expansion in the United States continues for the eleventh year, which is a new record. In turn, wages in the country are growing by about 3%, and unemployment is at 3.6%. Thus, when the United...

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EUR/USD: euro walks along the edge of the bottom

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