EUR/USD wavers as the ECB warns of a double-dip EU recession

The EUR/USD is in a tight range as traders reflect on the high likelihood of a double-dip recession in the European Union. The pair is trading at 1.1918, which is its highest level since September 1. The European Central Bank (ECB) released minutes of the monetary policy meeting held two weeks ago. The minutes showed that the bank was considering adding more stimulus to support the bloc as it goes through its worst phase in decades. In the minutes, officials were concerned that the bloc’s economy would be bumpier than initially expected because of the ongoing wave of the virus. In response to the surging cases, … (full story)

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