Euro heads for second weekly loss ahead of European growth data

2020-02-14 08:24:01 GMT (Economies.com)
Euro heads for second weekly loss ahead of European growth data

Euro tilted lower on Friday for a third session in a row against dollar ahead of European growth data for the fourth quarter of last year. 

 

EUR/USD shed 0.1% to 1.0827, the lowest since April 24, with a session-high at 1.0842. 

 

Euro lost 0.3% on Thursday, the second loss in a row on European economic slowdown fears. 

 

Euro is down 1.1% on the week as analysts expect the European Central Bank to expand its monetary easing program to bolster the economy. 

 

Earlier European data showed manufacturing declined more than expected in December in the euro zone. 

 

Euro zone GDP data will be released today, expected to show a 0.1% growth in the fourth quarter. 

 

 
 
 
  Symbol Last Change Chg.%
1.1031
0.0216
1.9963%
1.2816
-0.0132
1.0187%
Tadawul
7628.34
-82.78
1.07%
16.678
-1.815
9.812%
45.295
-8.038
15.071%
50.52
-1.66
3.18%
1585.265
-58.380
3.552%
 
 
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