Euro Holds Tight Ranges Ahead of Trump, ECB Virus Response

Thursday, 12 March 2020 07:39 WIB

EuroZona Euro,EuroDolarMata uang Euro


The euro held its nerve on Thursday, as markets wait to see how aggressively the European Central Bank will move to combat the coronavirus' economic shock, following emergency rate cuts in the U.S. and Britain.

Investors expect the ECB will cut its main deposit rate by 10 basis points. But it is no certainty since rates are already at a record-low -0.5% and further cuts could hurt bank margins and so squeeze lending.

Markets also await 01:00 GMT remarks from U.S. President Donald Trump, who has downplayed the risks from coronavirus, but said he would address economics and healthcare in his comments.

The euro was flat in Asian trade at $1.1260, its softest so far in a week where it has soared on expectations of further rate cuts in the United States. The yen was a touch firmer at 104.47 per dollar. The Australian and New Zealand dollars each fell about 0.2%. The Aussie last bought $0.6471 and the kiwi $0.6257.

Source : Reuters


  • The euro continued to rise on Thursday, boosted by a 750 billion euro (673.70 billion pounds) EU plan to prop up the bloc’s coronavirus-hit economies, though gains were limited as doubts about deliver...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.