EUR/USD. October 28, 2020 – Euro fell sharply to 1.1740 The EUR/USD pair began to decline sharply amid growing investor appetite for safe assets. The current quote for the pair is 1.1740. The pressure on risky assets is exerted by the widespread development of the second wave of Covid-19 and the approaching date of the US presidential election (November 3). At the same time, the dollar was supported by yesterday's data on the volume of new orders for durable goods in the United States: in September, the indicator increased by 1.9% m/m after gaining 0.4% a month earlier. Analysts had forecast an increase of 0.5% m/m. The indicator, excluding orders for transport and utility equipment, expanded 0.8% m/m after strengthening earlier by 1% m/m. The actual data exceeded the expectations of specialists twice. The euro was directly pressured by rumors that Germany plans to introduce a two-week quarantine with a stop to everything except important social facilities. In France, they are discussing the strengthening of restrictive measures for a month, and in the UK, options for a second lockdown are on the agenda. The economic calendar is empty for today, so the dynamics of the pair will continue to depend on the situation around the second wave of coronavirus and the expectations of tomorrow's ECB meeting.