FOREX

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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