EUR/USD at two-week lows

2020-04-06 08:47:41 GMT (Economies.com)
EUR/USD at two-week lows

EUR/USD fell in European trade on track for the sixth straight decline to near two-week lows, as the dollar remains a favorite haven currency. 

 

The pair lost 0.1% to 1.0798, after closing down 0.5% on Friday, marking two-week lows at 1.0772. 

 

The pair lost 3% last week, the third weekly loss in a month as dollar remained a magnet for haven seekers amid the global fallout from the Covid 19 pandemic. 

 

The dollar index rose 0.1% on Monday on track for the fourth profit in a row. 

 

On Friday, US data showed payrolls fell by the steepest rate since 2009 in a clear sign of huge collapse in economic activity due to social distancing measures. 

 

The US economy alongside the global economy will enter a deep recession due to the Covid 19 pandemic and global consternation, with the crisis expected to extend for months. 

 

 
 
 
  Symbol Last Change Chg.%
1.1231
0.0112
1.0082%
1.2574
0.0160
1.2877%
Tadawul
7222.41
-62.82
0.86%
17.620
-0.460
2.542%
36.568
2.081
6.034%
39.79
0.22
0.56%
1698.535
-34.150
1.971%
 
 
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