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Message: [QUOTE="Terry_8, post: 187851, member: 65834"] EURUSD TICKS MILDLY LOWER AMID SURGE IN CASES OF CORONAVIRUS WORLDWIDE [ATTACH type="full"]17260[/ATTACH] The single currency ticks marginally lower versus its US counterpart on Wednesday as market participants remain cautious about the surging coronavirus cases across the globe and the mounting US-China trade tensions. American authorities are stepping up their efforts towards delisting Chinese companies from the US stock exchanges. Besides, Federal Reserve Chairman Jerome Powell raised concerns that the American economy still has to go a long way before it entirely recovers from the damaging impact of the coronavirus pandemic. As of this moment, the currency pair is trading at 1.1859 level, down by 0.02% Coming to the previous session, EURUSD Initially edged higher and touched its intraday high of 1.1861 level after Moderna declared their experimental coronavirus vaccine to be 94.5% effective in late-stage clinical trials. In addition to that, the soft US retail sales data that came at 0.3%, versus the market expectation of 0.5%, weighed on the greenback. However, Risk-off sentiments resurfaced on worries of escalating coronavirus cases that could stifle the still recovering economics, thus shattering the euphoria from the late-stage vaccine breakthrough. Consequently, the currency pair retreated to end the day at 1.1861 level, with a gain of 0.10%. Moving ahead, investors can take cues from the EU’s Core CPI data, US Building Permits report and Housing Starts data slated for today. SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/235973577945016"]www.facebook.com/fxviewdotcom/posts/235973577945016[/URL] [/QUOTE]

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