Euro rebounds as U.S. stocks fall, advancement worries keep on being – Reuters

    * Euro bounces as U.S. stocks decline
    * Virus worries viewed supportive of U.S. greenback

 (Provides Monday's holiday break, U.S. outlook, updates price ranges)
    By Karen Brettell
    NEW YORK, Feb fourteen (Reuters) - The euro bounced in opposition to the greenback on Friday as U.S. stocks declined
from record highs, nevertheless worries about advancement in the eurozone are predicted to maintain weighing on the
one currency.
    Nervousness about the impact of the coronavirus on the European financial system this 7 days served ship the euro to
its cheapest degrees in opposition to the greenback in two-one/two years.
    A report on Friday that Fiat Chrysler programs to near a plant in Serbia owing to a deficiency of sections additional to
fears that ties to China depart Europe's financial system susceptible.
    "We had some very first indications that this may well be beginning to impinge on the international offer chain this
early morning with Chrysler shutting one particular of their factories in Japanese Europe for the reason that of scarcity of provides
from China," stated Shaun Osborne, chief Fx strategist at Scotiabank in Toronto.
    The virus has contaminated one,seven hundred Chinese overall health workers and killed 6, authorities stated on Friday.

    The euro fell to $one.0826, the cheapest since May possibly 2017, before rebounding to $one.0842. It has
fallen from $one.1095 on Feb. three.
    The euro came off its lows as U.S. stocks declined from record highs arrived at on Thursday.
    A stronger U.S. financial outlook has supported the greenback, while it has also benefited from a
preferred trade in which investors borrow in the euro to invest in bigger-yielding U.S. belongings.
    Information on Friday hinted at a comfortable European financial system. Eurozone gross domestic item grew .one%
quarter-on-quarter in the fourth quarter, in line with forecasts, while year-on-year advancement was weaker
than predicted at .nine%.
    The German financial system stagnated in the fourth quarter owing to weaker non-public usage and point out
paying out, renewing fears of a recession just as Chancellor Angela Merkel's conservatives are preoccupied
with a search for a new chief.
    U.S. facts confirmed clothes shop sales in January declining the most since 2009, which could raise
worries about the keeping energy of the moderate financial enlargement.
    U.S. marketplaces will be shut on Monday for the Presidents' Day holiday break.
    Forex bid price ranges at two:30PM (1930 GMT)
 Description      RIC         Past           U.S. Near  Pct Transform     YTD Pct     Superior Bid    Reduced Bid
                                              Previous                   Transform                 
 Euro/Dollar      EUR=        $one.0842        $one.0840     +.02%         -three.thirty%      +one.0861     +one.0828
 Dollar/Yen       JPY=        109.7400       109.8100    -.06%         +.81%      +109.9000   +109.7100
 Euro/Yen         EURJPY=     118.ninety eight         119.04      -.05%         -two.forty four%      +119.2200   +118.8900
 Dollar/Swiss     CHF=        .9812         .9792      +.20%         +one.38%      +.9822     +.9790
 Sterling/Dollar  GBP=        one.3036         one.3045      -.07%         -one.sixty eight%      +one.3063     +one.3003
 Dollar/Canadian  CAD=        one.3240         one.3267      -.20%         +one.96%      +one.3269     +one.3235
 Australian/Doll  AUD=        .6709         .6718      -.13%         -four.forty four%      +.6731     +.6710
 Euro/Swiss       EURCHF=     one.0639         one.0615      +.23%         -one.96%      +one.0650     +one.0610
 Euro/Sterling    EURGBP=     .8316         .8307      +.11%         -one.sixty three%      +.8344     +.8300
 NZ               NZD=        .6430         .6435      -.08%         -four.54%      +.6444     +.6424
 Dollar/Norway    NOK=        nine.2577         nine.2495      +.09%         +five.forty six%      +nine.2703     +nine.2257
 Euro/Norway      EURNOK=     ten.0372        ten.0298     +.07%         +two.03%      +ten.0547    +ten.0190
 Dollar/Sweden    SEK=        nine.7176         nine.6705      +.48%         +three.96%      +nine.7256     +nine.6717
 Euro/Sweden      EURSEK=     ten.5371        ten.4867     +.48%         +.65%      +ten.5411    +ten.4850
 (Enhancing by David Gregorio and Richard Chang)

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