Dollar firmer, euro weakens as French protests turn violent
Executive Brief • Key Highlights
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- ✓The dollar edged up on Monday as violent protests in France put pressure on the euro.
- ✓The euro fell 0.1% at $1.1225 in Asia.
- ✓Kieran Williams said, "The weekend unrest matters for the euro mainly through French bonds rather than directly." Meanwhile, oil prices dipped as sanctions on Russia got lifted.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
In Asia, the dollar saw a minor uptick as unrest in France put pressure on the euro, causing a small decline. Emerging market currencies, notably the Indonesian rupiah, are struggling with the looming threat of a stock market downgrade. Oil prices dipped following the lifting of sanctions on Russia, which may boost fuel exports. Upcoming meetings of the Federal Reserve and European Central Bank are fostering cautious market positioning.
The dollar edged up from near its lowest levels of the month at the start of trading in Asia on Monday as violent protests in France put pressure on the euro.
The euro fell 0.1% at $1.1225 as trading began in Asia. The biggest weighting in the dollar index, the common currency's drop helped steady the greenback, which traded level at 101.83.
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Economic Times
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