The euro was on the back foot on Monday, as concerns mounted about weakening eco...
TOKYO - The euro was on the back foot on Monday, as concerns mounted about weakening economic growth in Europe at a time financial markets and policymakers fret about a new threat to the global economy from a fast spreading coronavirus in China.The euro, which hit a 33-month low of $1.0817 on Friday, fetched $1.
The German economy stagnated in the fourth quarter due to weaker private consumption and state spending, data showed on Friday, renewing fears of a recession at a time Chancellor Angela Merkel’s conservatives are preoccupied with a search for a new leader. Most market players expect stronger growth in the United States although data published on Friday provided a mixed picture.
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