Euro Near Three-Year Low on Sluggish Growth, Yen Steady Despite Weak GDP
Monday, 17 February 2020 09:00 WIB | CURRENCIES |Dolar Australia,Dolar AS Euro Indeks Dolar

The euro was on the back foot on Monday, as concerns mounted about weakening economic growth in Europe at a time financial markets and policymakers fret about a new threat to the global economy from a fast spreading coronavirus in China.

The euro, which hit a 33-month low of $1.0817 on Friday, fetched $1.08385 in early Asian trade on Monday, flat so far on the day but down 2.3% since the start of month.

The dollar index stood at 99.131, near Friday™s 4 1/2-month high of 99.241.

The yen stood at 109.81 yen per dollar little moved in a tight range for more than a week.

The Australian dollar held firm as investors assessed the latest reading on coronavirus cases in China™s Hubei Province, the epicenter of the outbreak.

Source : Reuters

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