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 Session 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 ar 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/Dollar 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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