{"id":102024,"date":"2020-07-17T04:00:55","date_gmt":"2020-07-17T08:00:55","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102024"},"modified":"2020-07-17T08:05:50","modified_gmt":"2020-07-17T12:05:50","slug":"103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/","title":{"rendered":"EUR\/USD: Will EU Leaders Agree On EU COVID Recovery Fund?"},"content":{"rendered":"<ul>\n<li><strong>EU leaders\u2019 summit looms, expectations are low for the EU Recovery Fund being agreed<\/strong><\/li>\n<li><strong>Eurozone consumer price index in focus<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) trades broadly lower versus peers on hopes of additional fiscal stimulus<\/strong><\/li>\n<li><strong>US Consumer confidence data in focus, it could start stalling as coronavirus numbers rise<\/strong><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-to-usd-exchange-rate-today\/\">Euro US Dollar<\/a> (EUR\/USD) exchange rate trades flat after falling in the previous session. The pair settled on Thursday -0.25% at US$1.1384. At 06:15 UTC, EUR\/USD trades just 2 points higher at US$1.1386.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time EUR to USD exchange rate<\/span><\/a><\/div>\n<p>The pair is on track to gain 0.7% across the week in what would be the fourth straight week of gains.<\/p>\n<p>After the European Central Bank, as expected, adopted a wait and see mode with monetary policy, investors are turning their attention to the two-day EU leaders\u2019 summit.<\/p>\n<p>EU leaders will physically meet in Brussels on Friday to discuss the coronavirus recovery plan and a new long-term EU budget.<\/p>\n<p>Vast differences remain between some EU nations with regards to the EU Recovery Fund, a fund which aims to help those countries worst bit by the coronavirus crisis. These happen to be the southern nations.<\/p>\n<p>The Frugal Four, Sweden, Austria, Denmark and the Netherlands remain opposed to the plans, preferring a smaller fund based on loans rather than grants. Market expectations for an agreement are low. Even so, failure to agree could dent demand for the Euro at the start of the new week.<\/p>\n<p>Eurozone consumer confidence is the only high impacting release. Analysts are forecasting a +0.3% increase month on month in June.<\/p>\n<p>The US Dollar is under pressure as market participants are optimistic that US policymakers will provide further stimulus to the world\u2019s largest economy as it attempts to bring its coronavirus outbreak under control.<\/p>\n<p>US Congress is due to start debating such a rescue package next week as some states re-impose some lockdown measures.<\/p>\n<p>The number of new daily coronavirus cases in the US reached a new record of 70,000 with Florida and Texas continuing to see sharp rises in both new cases and fatalities.<\/p>\n<p>Investors will now look ahead to US consumer confidence data. Analysts are expecting a slight uptick in sentiment in July to 79, up from 78.1. Any weakness in the number could dent risk appetite and lift the US Dollar<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EU leaders\u2019 summit looms, expectations are low for the EU Recovery Fund being agreed Eurozone consumer price index in focus US Dollar (USD) trades broadly lower versus peers on hopes of additional fiscal stimulus US Consumer confidence data in focus, it could start stalling as coronavirus numbers rise The Euro US Dollar (EUR\/USD) exchange rate [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4620,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1435,1413,2772,1395,1393,1397,1398],"class_list":{"0":"post-102024","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-consumer-confidence","10":"tag-ecb","11":"tag-eu-recovery-fund","12":"tag-eur","13":"tag-euro","14":"tag-us-dollar","15":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD: Will EU Leaders Agree On EU COVID Recovery Fund? - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Will EU Leaders Agree On EU COVID Recovery Fund?\",\"datePublished\":\"2020-07-17T08:00:55+00:00\",\"dateModified\":\"2020-07-17T12:05:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/\"},\"wordCount\":415,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100505-gbp-eur-ecb-policy-tightening.jpg\",\"keywords\":[\"consumer confidence\",\"ecb\",\"eu recovery fund\",\"eur\",\"euro\",\"us dollar\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/\",\"name\":\"EUR\\\/USD: Will EU Leaders Agree On EU COVID Recovery Fund? - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100505-gbp-eur-ecb-policy-tightening.jpg\",\"datePublished\":\"2020-07-17T08:00:55+00:00\",\"dateModified\":\"2020-07-17T12:05:50+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100505-gbp-eur-ecb-policy-tightening.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100505-gbp-eur-ecb-policy-tightening.jpg\",\"width\":725,\"height\":400,\"caption\":\"GBP\\\/EUR: Euro Rallies vs Pound On Policy Tightening Optimism\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EUR\\\/USD: Will EU Leaders Agree On EU COVID Recovery Fund?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EUR\/USD: Will EU Leaders Agree On EU COVID Recovery Fund? - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"EUR\/USD: Will EU Leaders Agree On EU COVID Recovery Fund?","datePublished":"2020-07-17T08:00:55+00:00","dateModified":"2020-07-17T12:05:50+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/"},"wordCount":415,"image":{"@id":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100505-gbp-eur-ecb-policy-tightening.jpg","keywords":["consumer confidence","ecb","eu recovery fund","eur","euro","us dollar","usd"],"articleSection":["EUR","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/","url":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/","name":"EUR\/USD: Will EU Leaders Agree On EU COVID Recovery Fund? - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100505-gbp-eur-ecb-policy-tightening.jpg","datePublished":"2020-07-17T08:00:55+00:00","dateModified":"2020-07-17T12:05:50+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100505-gbp-eur-ecb-policy-tightening.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100505-gbp-eur-ecb-policy-tightening.jpg","width":725,"height":400,"caption":"GBP\/EUR: Euro Rallies vs Pound On Policy Tightening Optimism"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103639-eur-usd-will-eu-leaders-agree-on-eu-covid-recovery-fund\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"EUR\/USD: Will EU Leaders Agree On EU COVID Recovery Fund?"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100505-gbp-eur-ecb-policy-tightening.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=102024"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102024\/revisions"}],"predecessor-version":[{"id":102038,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102024\/revisions\/102038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/4620"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=102024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=102024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=102024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}