Options traders are starting to bet on the euro dropping below psychological support at $1.10 as the European Central Bank prepares a stimulus package amid a deepening global downturn and trade uncertainty.
The U.S. dollar held steady on Friday, supported by weakness in safe-haven currencies, while the euro remained under pressure from expectations that the European Central Bank will deliver “significant” stimulus next month.
Stellar fell bellow the $0.06814 level on Friday. Stellar was trading at 0.06814 by 11:44 (10:44 GMT) on the Investing.com Index, down 0.13% on the day. It was the largest one-day percentage loss since August 16.
NVIDIA (NASDAQ:NVDA) rose by 6.35% to trade at $158.22 by 14:31 (13:31 GMT) on Friday on the NASDAQ exchange.
General Electric (NYSE:GE) rose by 4.87% to trade at $8.40 by 14:30 (13:30 GMT) on Friday on the NYSE exchange.