Dollar firmer, euro weakens as French protests turn violent
SINGAPORE: 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. French President Emmanuel Macron condemned…
The dollar strengthened while the euro weakened amid violent protests in France, putting pressure on the euro. The euro declined by 0.1% to $1.1225 at the start of Asian trading. The US dollar remained steady at 101.83, and the greenback traded level at 158.00 yen against the yen. Meanwhile, the US dollar was unchanged at 6.6842 yuan in offshore trade ahead of Chinese GDP data for Q3, expected to show a slight economic improvement.
In emerging markets, the Indonesian rupiah weakened to its weakest level in nearly three months at 18,000 against the dollar following a warning from MSCI about potentially downgrading the country's stock market. Oil prices declined as trading began, with Brent crude futures falling 1.7% to $108.02 due to US sanctions waivable on Russia, which could result in increased fuel exports.
Fed funds futures indicate an 84% probability that the Federal Reserve will maintain rates at its upcoming meetings, little changed from the previous day. Bitcoin and Ether experienced gains of 1.4% and 3.0% respectively, reaching $82,067.66 and $2,420.22.
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- As French protests escalate into riots, they may prove a gift for Marine Le Pen’s right-wing party theconversation.com
- Dollar firmer, euro weakens as French protests turn violent freemalaysiatoday.com
