{"id":96582,"date":"2020-02-26T04:00:00","date_gmt":"2020-02-26T09:00:00","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=96582"},"modified":"2020-02-26T10:32:53","modified_gmt":"2020-02-26T15:32:53","slug":"102501-eur-usd-euro-eases-away-from-1-09-on-covid-19-headlines","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102501-eur-usd-euro-eases-away-from-1-09-on-covid-19-headlines\/","title":{"rendered":"EUR\/USD: Euro Eases Away From $1.09 On Covid-19 Headlines"},"content":{"rendered":"<p>The euro is shifting lower in early trade on Wednesday, snapping a three-day winning streak versus the US dollar. The euro US dollar is moving away from US$1.09, and off recent highs, as the focus remains on coronavirus and its spread across Europe and the globe.<\/p>\n<h3><strong>Italy Warns On Budget Targets Amid Coronavirus Outbreak<\/strong><\/h3>\n<p>The euro is edging lower as coronavirus continues to spread across borders in Europe. Several European countries have announced their first coronavirus case, all of which so far appear to link back to the outbreak in Italy. Italy now has more than 300 cases and there have been 11 deaths.<\/p>\n<p>Italy has warned the EU on budget targets amid the rising number of coronavirus cases. Italy warned that if the outbreak in Italy\u2019s northern industrial regions has a prolonged impact on the economy the EU should offer flexibility on targets. Italy\u2019s economy is already on the cusp of recession. The regions of Lombardy and Veneto are most affected by the outbreak and are also responsible for a third of output for the eurozone\u2019s third largest economy. As the number of cases increase, workers told to stay at home, travel restrictions and lock downs persist the potential economic impact grows.<\/p>\n<p>There is no high impacting eurozone data due for release today. Investors will look towards speeches from European Central Bank Officials. Any comments surrounding coronavirus will be closely monitored.<\/p>\n<h3><strong>Dollar Volatility on CDC Warning<\/strong><\/h3>\n<p>The dollar is moving slowly higher on Wednesday, after selling off in the previous session following a warning from Federal health authorities over coronavirus. Authorities expect a wider spread of coronavirus in the US.<\/p>\n<p>Nancy Messonnier, the director of National Centre for Immunization and Respiratory Diseases at the Centres for Disease Control and Prevention (CDC) said in a news briefing that the CDC expect a rise in the number of cases and that the US should prepare itself.<\/p>\n<p>US stocks plummeted following her remarks, closing 3% lower for a second straight day. The dollar also fell as investors attempted to gauge the economic hit that coronavirus could have on the US economy and the odds of an interest rate cut by the Federal Reserve on the back of any slowdown. The dollar is recovering in early trade today thanks to its safe haven properties.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), 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":"<p>The euro is shifting lower in early trade on Wednesday, snapping a three-day winning streak versus the US dollar. The euro US dollar is moving away from US$1.09, and off recent highs, as the focus remains on coronavirus and its spread across Europe and the globe. Italy Warns On Budget Targets Amid Coronavirus Outbreak The [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5460,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[2398,2395,2139,1395,2412,1393,2397,2396,1397,1398],"class_list":{"0":"post-96582","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-budget-target","10":"tag-cdc","11":"tag-coronavirus","12":"tag-eur","13":"tag-eur-usd","14":"tag-euro","15":"tag-italian-budget","16":"tag-nancy-messonnier","17":"tag-us-dollar","18":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD: Euro Eases Away From $1.09 On Covid-19 Headlines - 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\/102501-eur-usd-euro-eases-away-from-1-09-on-covid-19-headlines\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102501-eur-usd-euro-eases-away-from-1-09-on-covid-19-headlines\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102501-eur-usd-euro-eases-away-from-1-09-on-covid-19-headlines\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Eases Away From $1.09 On Covid-19 Headlines\",\"datePublished\":\"2020-02-26T09:00:00+00:00\",\"dateModified\":\"2020-02-26T15:32:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102501-eur-usd-euro-eases-away-from-1-09-on-covid-19-headlines\\\/\"},\"wordCount\":637,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102501-eur-usd-euro-eases-away-from-1-09-on-covid-19-headlines\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100954-gbp-eur-euro-slips-eurozone-data.jpg\",\"keywords\":[\"budget target\",\"cdc\",\"coronavirus\",\"eur\",\"eur\\\/usd\",\"euro\",\"Italian budget\",\"Nancy Messonnier\",\"us dollar\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102501-eur-usd-euro-eases-away-from-1-09-on-covid-19-headlines\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102501-eur-usd-euro-eases-away-from-1-09-on-covid-19-headlines\\\/\",\"name\":\"EUR\\\/USD: Euro Eases Away From $1.09 On Covid-19 Headlines - 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