EUR/USD inches up amid growth concerns

Economies.com
2019-02-19 17:29PM UTC

EUR/USD rose against most rivals as eyes look towards the slowing growth in the euro zone as focus shifts away from US-China trade talks. 

 

Euro was boosted yesterday on perceived progress in US-China trade negotiations after official statements. 

 

Euro lost 0.3% last week, the second weekly loss in a row, as the European economy slows down this year. 

 

European Central Bank member Beno Quoir said the economic slowdown in Europe appears deeper and larger than expected. 

 

He also urged the ECB to work with Bank of England to prepare for the scenario of a Brexit deal, while noting that Italy's current position doesn't threaten the euro zone. 

 

As of 17:27 GMT, EUR/USD rose 0.2% to 1.134, with an intraday high at 1.1344, and a low at 1.1276. 

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