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Euro Benefits From Talk of Corona Bonds


Thursday, 26 March 2020 16:10 WIB

Euro


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The euro has posted gains Thursday amid talk of a new debt instrument to combat the coronavirus outbreak as the death toll rises and the economic damage becomes more stark.

At 4:10 ET (0810 GMT), EUR/USD traded at 1.0938, up 0.5%.

Elsewhere, the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.580, down 0.4%.  USD/JPY fell 0.7% to 110.44, while GBP/USD traded at 1.1950, up 0.5%.

Europe has become the fiercest battleground in the war against the Covid-19 outbreak, with well over 180,000 cases confirmed. The death toll keeps rising across the region, with Italy now registering a higher number than China, and Spain not far behind. However, the rate of new infections appears to be slowing rapidly in most countries across the continent, with the exception of the U.K., analysts at Pantheon Macroeconomics said in a note to clients.

Source : Investing.com


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