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Euro Under Pressure as Sovereign Spreads Balloon


Wednesday, 18 March 2020 15:43 WIB

Currency Indeks Dolar EuroEUR/USD


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The euro is under pressure Wednesday, as bond markets remind euro zone countries of the costs of the measures needed to combat the coronavirus outbreak.

At 04:10 ET (08:10 GMT), EUR/USD traded at 1.0971, down 0.2%, after falling as low as 1.0953 overnight.

Europe has become the chief battleground against the virus, with deaths continuing to soar in Italy and Spain, and France beginning a strict lockdown. This has prompted the European Union to ban travellers from outside the bloc for 30 days in an unprecedented move to seal its external borders.

Elsewhere, the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.04, up 0.2% after further sharp gains against commodity currencies. USD/JPY fell 0.3% to 107.39, while GBP/USD fell 0.2% to 1.2031.

Source : Investing.com


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