Euro-dollar volatility surges to one-year high

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Euro-dollar volatility surges to one-year high
 © In-Cyprus 2020

Volatility in the euro-dollar exchange rate surged to its highest in more than a year on Friday, as growing fears over a coronavirus outbreak raised recession fears and fuelled big currency moves.

Hopes that the outbreak can be contained in China have been replaced this week by worries that infections are spreading around the globe. Measures to contain the virus have wreaked havoc on supply chains, the world’s economy and financial markets.

Equity markets have tumbled, with the S&P 500 on course for the worst performance in a week since the 2008 financial...


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This article was automatically added to our system 28-2-2020

Euro-dollar volatility surges to one-year high


The contents of this article including any associated images are © In-Cyprus 2020
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Article Tags: dollar, volatility, surges,