{"id":104996,"date":"2020-09-21T09:09:41","date_gmt":"2020-09-21T08:09:41","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104996"},"modified":"2020-09-21T13:05:46","modified_gmt":"2020-09-21T12:05:46","slug":"104372-eur-usd-euro-pares-gains-as-risk-aversion-rises","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104372-eur-usd-euro-pares-gains-as-risk-aversion-rises\/","title":{"rendered":"EUR\/USD: Euro Pares Gains As Risk Aversion Rises"},"content":{"rendered":"<ul>\n<li><strong>Euro (EUR) slips back from earlier highs on fears over a second coronavirus wave<\/strong><\/li>\n<li><strong>ECB starts a review on PEPP<\/strong><\/li>\n<li><strong>US Dollar (USD) rebounds from session lows on safe haven flows<\/strong><\/li>\n<li><strong>No high impacting data is due<\/strong><\/li>\n<\/ul>\n<p>The Euro US Dollar (EUR\/USD) exchange rate is falling lower on Monday, erasing earlier gains as risk aversion rises. The pair settled on Friday flat across the week at US$1.1837, after trading a fairly tight range. At 07:15 UTC, EUR\/USD trades flat at US$1.1837, after falling sharply from session highs of US$1.1872.<\/p>\n<p>The Euro fell from earlier gains as concerns over rising covid cases on the old continent is boosting risk aversion in the financial markets. As fears grow that lockdown restrictions will be tightened across parts of Europe, investors are selling out of riskier assets and favouring safe havens. European stocks are trading around 2% lower in early trade.<\/p>\n<p>Nerves are showing after the World Health Organisation warned that the surge in new cases should serve as a wake-up call. Several countries across Europe have announced new covid restrictions in some of their largest cities. These new restrictions will further hinder an economic recovery which is already showing signs of running out of steam.<\/p>\n<p>Meanwhile the European Central Bank has stated a review today of its pandemic bond buying programme, according to reports in the Financial Times. The central bank will look at how long it should continue the programme and whether its exceptional flexibility should be extended to older programme.<\/p>\n<p>After a weaker start the US Dollar is finding its feet as investors seek out its safe haven properties.<\/p>\n<p>Concerns over Congress\u2019 failure to agree to additional fiscal stimulus ha been dragging on demand for the greenback through the Asian session. However, this is now being pushed aside as investors grow increasingly concerned about the global economic outlook amid rising covid cases.<\/p>\n<p>There is no high impacting data to distract investors today. This means that sentiment will continue driving the pair until some Federal Reserve policy makers hit the airwaves later today.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">EUR Index Today - last 180 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/dd0f760b030b156861e8fe2871fc291b.png\" alt=\"\" width=\"800\" height=\"348\" class=\"aligncenter size-full wp-image-105019\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/dd0f760b030b156861e8fe2871fc291b.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/dd0f760b030b156861e8fe2871fc291b-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/dd0f760b030b156861e8fe2871fc291b-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/dd0f760b030b156861e8fe2871fc291b-696x303.png 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Euro (EUR) slips back from earlier highs on fears over a second coronavirus wave ECB starts a review on PEPP US Dollar (USD) rebounds from session lows on safe haven flows No high impacting data is due The Euro US Dollar (EUR\/USD) exchange rate is falling lower on Monday, erasing earlier gains as risk aversion [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5064,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[2423,1395,1393,1408,1397,1398],"class_list":{"0":"post-104996","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-covid","10":"tag-eur","11":"tag-euro","12":"tag-fed","13":"tag-us-dollar","14":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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