Foreign exchange-Euro rebounds as U.S. stocks drop, progress considerations stay – Reuters
* Euro bounces as U.S. stocks decrease * Virus considerations noticed supportive of U.S. dollar (New all through, updates price ranges, sector action and reviews to U.S. sector open up, new byline, changes dateline, previous LONDON) By Karen Brettell NEW YORK, Feb fourteen (Reuters) - The euro bounced versus the dollar on Friday as U.S. stocks declined from report highs, although considerations about progress in the eurozone are anticipated to hold weighing on the solitary forex. Anxiety about the affect of the coronavirus on the European financial system this 7 days helped send out the euro to its most affordable stages versus the dollar in two-one/two yrs. A report on Friday that Fiat Chrysler ideas to near a plant in Serbia owing to a deficiency of parts added to fears that ties to China depart Europe's financial system vulnerable. “We had some 1st indications that this might be setting up to impinge on the international provide chain this morning with Chrysler shutting one of their factories in Eastern Europe because of scarcity of materials from China,” said Shaun Osborne, chief Forex strategist at Scotiabank in Toronto. The virus has contaminated one,seven hundred Chinese wellness personnel and killed six, authorities said on Friday. Info also hinted at a smooth European financial system. Euro zone gross domestic item grew .one% quarter-on-quarter in the fourth quarter, in line with forecasts, even though calendar year-on-calendar year progress was weaker than anticipated at .9%. The German financial system stagnated in the fourth quarter owing to weaker private intake and condition investing, renewing fears of a economic downturn just as Chancellor Angela Merkel's conservatives are preoccupied with a search for a new leader. The euro fell to $one.0826, the most affordable considering that May well 2017, just before rebounding to $one.0856. It has fallen from $one.1095 on Feb. three. The euro came off its lows as U.S. stocks declined from report highs reached on Thursday. U.S. data confirmed clothing retail store profits in January declining the most considering that 2009, which could increase considerations about the staying electric power of the reasonable financial expansion. ======================================================== Currency bid price ranges at 9:59AM (1459 GMT) Description RIC Previous U.S. Close Pct Adjust YTD Pct Higher Bid Very low Bid Past Adjust Session Euro/Greenback EUR= $one.0856 $one.0840 +.15% -three.16% +one.0861 +one.0828 Greenback/Yen JPY= 109.7100 109.8100 -.09% +.78% +109.9000 +109.7100 Euro/Yen EURJPY= 119.12 119.04 +.07% -two.32% +119.2200 +118.8900 Greenback/Swiss CHF= .9803 .9792 +.eleven% +one.29% +.9818 +.9790 Sterling/Greenback GBP= one.3021 one.3045 -.18% -one.80% +one.3063 +one.3003 Greenback/Canadian CAD= one.3248 one.3267 -.fourteen% +two.02% +one.3269 +one.3235 Australian/Doll AUD= .6716 .6718 -.03% -four.34% +.6731 +.6710 ar Euro/Swiss EURCHF= one.0647 one.0615 +.thirty% -one.89% +one.0650 +one.0610 Euro/Sterling EURGBP= .8335 .8307 +.34% -one.forty one% +.8344 +.8300 NZ NZD= .6436 .6435 +.02% -four.45% +.6444 +.6424 Greenback/Greenback Greenback/Norway NOK= 9.2333 9.2495 -.18% +5.18% +9.2703 +9.2257 Euro/Norway EURNOK= 10.0257 10.0298 -.04% +one.ninety one% +10.0547 +10.0190 Greenback/Sweden SEK= 9.6928 9.6705 +.36% +three.70% +9.7072 +9.6717 Euro/Sweden EURSEK= 10.5249 10.4867 +.36% +.53% +10.5285 +10.4850 (Modifying by David Gregorio)
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