European Daily Market Review 13.2.20

The euro dropped to a two-and-a-half-year bottom this morning, after a fresh rise in coronavirus cases in China.

Now, the Euro versus the USD trades at $1.0872 a very minor incline of $0.00001 from the previous close of $1.08724.

The daily range is from $1.0865 to 1.0888, while the trading volume is 53.731K.

As a matter of fact, EURUSD registered its bottom since May 2017.

The general feeling of the common currency was negatively impacted by solid losses of the industrial production in a decade in December.

This indicated in the possibility of a recession in both Germany and Italy, which are leading economies of the bloc.

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