# Euro at one-month lows before ECB meeting; yuan fragile - The HinduBusinessLine

> The euro hit a one-month low of $1.1077 on January 22, 2020 ahead of the ECB meeting, while the yuan dipped and the Australian dollar fell to a six-week low on coronavirus fears for China. Positive ZEW and Citigroup business surveys were noted but not yet reflected in activity.

- Date: 2020-01-22 · published 2020-01-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/55295-euro-at-one-month-lows-before-ecb-meeting-yuan-fragile-the-hindubusinessline
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker yuan and Australian dollar on China growth worries can signal softer Chinese import demand for feed ingredients. The euro move is mainly currency-driven with limited direct grain price effect.

## Read by commodity

- AUDUSD: bearish ▼
- USDCNY: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/yen-supported-yuan-frail-on-coronavirus-concerns/article30621722.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.