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Euro Drops to New Low as GDP Data Confirm Weak Growth

Friday, 14 February 2020 19:52 WIB Euro EuroDolar USD/EUR Mata uang Euro

The euro fell again to a nearly three-year low on Friday amid worries about slowing growth in the euro zone, as fourth-quarter data confirmed the economy's sluggish performance. The euro has lost close to 1% so far this week and is on track for its worst two-week performance since mid-2018. Euro zone gross domestic product grew 0.1% quarter-on-quarter in the fourth quarter, in line with forecasts. Year-on-year growth was weaker than expected, at 0.9%, although employment grew more than expected. The German economy stagnated, data also showed, renewing fears of a recession. The euro fell to $1.0827 overnight before settling at $1.0841, down on the day. It was unchanged after the euro...

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RECENT NEWS

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Gold Prices Inch Down After Two Days of Gains

Friday, 14 February 2020 13:16 WIB GOLD EMAS

Gold prices inched down on Friday after two days of gains, but risk-averse sentiment in the market capped the safe-haven metal’s losses. Gold Futures for April delivery on New York’s COMEX inched down 0.1% to $1,577.95 by 12:59 AM ET (04:59 GMT)....

Energy

Oil falls nearly 5% for biggest weekly drop since 2008
Saturday, 29 February 2020 02:53 WIB
U.S. oil prices experienced their steepest weekly fall since 2008 as the spread of the coronavirus stokes fears of slowing global demand. Investors are increasingly worried as the virus has spread

Precious Metals

Gold futures fell by nearly 5% on Friday to log the biggest daily percentage decline for a most-active contract since June 2013, according to Dow Jones Market Data. Analysts attributed the decline

CURRENCIES

The pound dropped sharply on Friday, losing nearly 1% against the euro and the dollar as worries about the fast-spreading coronavirus sent investors out of currencies deemed riskier. As investors

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