{"id":105603,"date":"2020-10-05T15:47:50","date_gmt":"2020-10-05T14:47:50","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105603"},"modified":"2020-10-05T15:47:50","modified_gmt":"2020-10-05T14:47:50","slug":"104461-eur-usd-vulnerable-to-resurgeningcovid-19-anaemic-inflation","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104461-eur-usd-vulnerable-to-resurgeningcovid-19-anaemic-inflation\/","title":{"rendered":"EUR\/USD Vulnerable to Resurgening Covid-19 & Anaemic Inflation"},"content":{"rendered":"

Stocks advanced in the Asian session as markets continued digesting President Trump\u2019s covid diagnosis.<\/strong><\/p>\n

Anaemic inflation could encourage the ECB to take action after Lagarde hinted at AIT.<\/strong>
\nEUR\/USD rates validating bearish reversal pattern. Is there more downside to come?<\/strong><\/p>\n

News that President Trump could be discharged from hospital boosted risk sentiment in the Asian session.<\/p>\n

Australia\u2019s ASX 200 rallied +2.5% after the Australian Federal Government\u2019s announced a $7.5 billion package in additional infrastructure spending.<\/p>\n

The safe havens US Dollar and Japanese Yen trended lower versus major peers. The risk-sensitive Australian Dollar advanced<\/p>\n

Gold dropped targeting $1,890\/ as yields on US 10-year Treasuries rebounded \u00a0above 70 basis points.<\/p>\n

Speeches from Federal Reserve officials and ISM non-manufacturing data (Sept) are in focus.<\/p>\n

ECB To Act On Disinflationary Pressures?<\/strong><\/p>\n

Eurozone inflation data for September was weak and could encourage the ECB to take further action to support the trading bloc\u2019s economic recovery. Headline inflation is forecast to drop to -0.3% whilst core inflation is expected to reach a record low of 0.2%.<\/p>\n

Some weakness in inflation can be attributed to delayed summer sales and lower energy prices. However, a resurgence of Covid-19 infections combined with relatively strong Euro could keep inflation subdued near term<\/p>\n

The University of Oxford\u2019s Government Response Stringency Index highlights the impact of a relentless surge of coronavirus infections in France, as the local government begins to tighten restrictions and plans to shut down bars in the capital city of Paris.<\/p>\n

ECB President Christine Lagarde\u2019s comments that the ECB could \u00a0adopt a flexible form of average inflation targeting (AIT) appears to be as a results of the persistently weak inflation in the region., with the ECB President said \u201cthe wider discussion today is whether central banks should commit to explicitly make up for inflation misses when they have spent quite some time below their inflation goals\u201d.<\/p>\n

Lagarde highlighted the advantages of AIT particularly when the economy \u201dis faced with the lower bound because the promise of inflation overshooting raises inflation expectations and therefore lowers real interest rates\u201d.<\/p>\n

ECB speakers due to speak this week could provide additional further clarity to President Lagarde\u2019s comments. In which case they could drag on Euro demand with the potential of additional stimulus probably dragging on EUR\/ USD.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks advanced in the Asian session as markets continued digesting President Trump\u2019s covid diagnosis. Anaemic inflation could encourage the ECB to take action after Lagarde hinted at AIT. EUR\/USD rates validating bearish reversal pattern. Is there more downside to come? News that President Trump could be discharged from hospital boosted risk sentiment in the Asian […]<\/p>\n","protected":false},"author":163946597,"featured_media":5529,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1395,2412,1398],"class_list":{"0":"post-105603","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-eur","10":"tag-eur-usd","11":"tag-usd"},"acf":[],"yoast_head":"\nEUR\/USD Vulnerable to Resurgening Covid-19 & Anaemic Inflation - 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\/104461-eur-usd-vulnerable-to-resurgeningcovid-19-anaemic-inflation\/\" \/>\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\\\/104461-eur-usd-vulnerable-to-resurgeningcovid-19-anaemic-inflation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104461-eur-usd-vulnerable-to-resurgeningcovid-19-anaemic-inflation\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD Vulnerable to Resurgening Covid-19 & Anaemic Inflation\",\"datePublished\":\"2020-10-05T14:47:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104461-eur-usd-vulnerable-to-resurgeningcovid-19-anaemic-inflation\\\/\"},\"wordCount\":386,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104461-eur-usd-vulnerable-to-resurgeningcovid-19-anaemic-inflation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100604-gbp-eur-eurozone-data.jpg\",\"keywords\":[\"eur\",\"eur\\\/usd\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104461-eur-usd-vulnerable-to-resurgeningcovid-19-anaemic-inflation\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104461-eur-usd-vulnerable-to-resurgeningcovid-19-anaemic-inflation\\\/\",\"name\":\"EUR\\\/USD Vulnerable to Resurgening Covid-19 & Anaemic Inflation - 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