Dollar and Euro stay firm amid Corona Pandemic

Overview

COVID 19 is taking a toll on the EUR/USD pair. On that note, today, the currency pair is struggling to recover itself. The last record says it is up from -0.1 to 1.1206. Fortunately, the currency pair is not ready to leave the field. They are still hooking on to the ground and are going to survive. According to the information, the recent figures are present to trigger away from the risk of the dollars. In fact, the odds are in favor of the dollars right now.

Restrictions for COVID 19

In the meantime, the Governor of Texas Greg Abbott has successfully restricted the opening of the state. The reason behind this strict decision is the increased number of COVID 19 cases and the increased number of patients in the hospitals. Actually, the COVID 19 cases are increasing daily in the states of Florida, California as well as other states of the United States.

President is in no mood to stop

The Medical Association and Disease Control Association has stated that the official count is much lower. Off the record, the unofficial count is around twenty-three million dollars. Obviously, the unofficial count is ten times the official count. However, President Donald Trump is in no mood to shut down the country. In fact, he has officially stated that the economy will be raging to move forward. According to the President, the United States has never stopped, nor will it ever stop in the future.