{"id":95410,"date":"2020-01-31T04:00:30","date_gmt":"2020-01-31T09:00:30","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=95410"},"modified":"2020-01-31T04:33:48","modified_gmt":"2020-01-31T09:33:48","slug":"102239-eur-usd-euro-holds-gains-as-who-declare-global-health-emergency-ez-data-in-focus","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102239-eur-usd-euro-holds-gains-as-who-declare-global-health-emergency-ez-data-in-focus\/","title":{"rendered":"EUR\/USD: Euro Holds Gains As WHO Declare Global Health Emergency, EZ Data In Focus"},"content":{"rendered":"

Encouraging eurozone data and disappointing US statistics meant the euro pushed higher versus the US dollar in the previous session. The euro US dollar exchange rate rallied to a three-day high of US$1.1039, before closing the session just shy of this level. EUR\/USD is holding those gains in early trade on Friday, despite the World Health Organization declaring the outbreak of coronavirus a world emergency.<\/p>\n

Euro<\/strong><\/h3>\n

The euro was in favour in the previous session as the growth outlook for the region slowly starts to improve. The unemployment rate in the bloc unexpectedly ticked down to 7.4% its lowest level in a decade and just 0.1% above the lowest level ever recorded. Continued job growth is important for continued expansion in the service sector. The momentum is set to continue for the months ahead as business are upbeat about their hiring expectations going forward.<\/p>\n

Eurozone sentiment is also on the rise. The economic sentiment index was surprisingly upbeat with, particularly French and German industries, which bodes well for the recovery of this sector which was hit hard by US \u2013 China trade dispute.<\/p>\n

Today economic data will remain in focus with a slew of data expected. Eurozone inflation could be the most closely watched macro data release. Analysts are expecting inflation to tick higher to 1.4% in January.<\/p>\n

Dollar<\/strong><\/h3>\n

The US dollar was under pressure in the previous session as investors turned their attention away from the spread of coronavirus towards US data. Whilst the fourth quarter GDP printed in line with expectations at 2.1% the devil was in the detail. The personal consumption component of the report was 1.8%, down from 3.2% in the third quarter and the 2% that analysts forecast. This is a figure that the Fed follows closely. Given the dominance of the US consumer in the US economy, this doesn\u2019t bode well for future growth or the PCE inflation figure today.<\/p>\n

The dollar is finding broad based support ahead of the PCE reading thanks to continued flows into safe haven assets after the \u00a0World Health Organisation has declared a global health emergency following the rapid spread of coronavirus.<\/p>\n

 <\/p>\n\n\n\n\n
What do these figures mean?<\/strong><\/td>\n<\/tr>\n
When measuring the value of a pair of currencies, one set equals 1 unit and the other shows the current equivalent. As the market moves, the amount will vary from minute to minute.<\/p>\n

For example, it could be written:<\/p>\n

1 EUR = 1.12829 USD<\/em><\/p>\n

Here, \u20ac1 is equivalent to approximately $1.13. This specifically measures the euro\u2019s worth against the dollar. If the U.S. dollar amount increases in this pairing, it\u2019s positive for the euro.<\/p>\n

Or, if you were looking at it the other way around:<\/p>\n

1 USD = 0.88789 EUR<\/em><\/p>\n

In this example, $1 is equivalent to approximately \u20ac0.89. This measures the U.S. dollar\u2019s worth versus the euro. If the euro number gets larger, it\u2019s good news for the dollar.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\n
Currencylive.com<\/em> is a news site only and not a currency trading platform.<\/em><\/h6>\n
Currencylive.com is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

Encouraging eurozone data and disappointing US statistics meant the euro pushed higher versus the US dollar in the previous session. The euro US dollar exchange rate rallied to a three-day high of US$1.1039, before closing the session just shy of this level. EUR\/USD is holding those gains in early trade on Friday, despite the World […]<\/p>\n","protected":false},"author":163946597,"featured_media":5284,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1399,2139,1395,1393,1387,1430,1397,1398,2181],"class_list":["post-95410","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-usd","tag-china","tag-coronavirus","tag-eur","tag-euro","tag-inflation","tag-retail-sales","tag-us-dollar","tag-usd","tag-world-health-organisation"],"acf":[],"yoast_head":"\nEUR\/USD: Euro Holds Gains As WHO Declare Global Health Emergency, EZ Data In Focus - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/102239-eur-usd-euro-holds-gains-as-who-declare-global-health-emergency-ez-data-in-focus\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102239-eur-usd-euro-holds-gains-as-who-declare-global-health-emergency-ez-data-in-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102239-eur-usd-euro-holds-gains-as-who-declare-global-health-emergency-ez-data-in-focus\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Holds Gains As WHO Declare Global Health Emergency, EZ Data In Focus\",\"datePublished\":\"2020-01-31T09:00:30+00:00\",\"dateModified\":\"2020-01-31T09:33:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102239-eur-usd-euro-holds-gains-as-who-declare-global-health-emergency-ez-data-in-focus\\\/\"},\"wordCount\":730,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102239-eur-usd-euro-holds-gains-as-who-declare-global-health-emergency-ez-data-in-focus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100858-gbp-eur-pound-higher-vs-euro.jpg\",\"keywords\":[\"china\",\"coronavirus\",\"eur\",\"euro\",\"Inflation\",\"retail sales\",\"us dollar\",\"usd\",\"World Health Organisation\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102239-eur-usd-euro-holds-gains-as-who-declare-global-health-emergency-ez-data-in-focus\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102239-eur-usd-euro-holds-gains-as-who-declare-global-health-emergency-ez-data-in-focus\\\/\",\"name\":\"EUR\\\/USD: Euro Holds Gains As WHO Declare Global Health Emergency, EZ Data In Focus - 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