Open Demo Account
Home / Market Update / Forex Market / Euro Declines Amid Renewed COVID-19 Fears

Euro Declines Amid Renewed COVID-19 Fears

M. Ali 21 September, 2020 7:22 pm Forex Market, Market Update

The Euro (EUR) is declining against the US Dollar (USD) on Monday, with increasing concerns about the Coronavirus (COVID-19) pandemic leaving their toll on the European currency.

The EUR/USD is trading lower for the day by 0.84% at 1.1741.

The pair has been moving in a range between 1.1732 and 1.1872, after closing last week at 1.1840.

Earlier today, the German Minister of Finance, Olaf Scholz, said that the European Central Bank (ECB) is challenged by a strong Euro.

Tags

Check Also

DXY closes trading week strong Despite paring some gains

The US Dollar Index (DXY) experienced a slight pullback on Friday, November 22nd, after reaching …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends