From The Economic Times · Reuters · · 1m 20s
Dollar Rises as French Protests Escalate
Violent French protests push euro down as dollar steadies.
In brief
Violent French protests push euro down as dollar steadies. Violent French protests caused euro to fall 0.1% to $1.1225, while dollar edged up from near monthly lows. Originally reported by The Economic Times.
Dollar Edges Up
The dollar edged up from near its lowest levels of the month at the start of trading in Asia on Monday.
Euro Falls 0.1%
The euro fell 0.1% at $1.1225 as trading began in Asia.
French President Condemns Violence
French President Emmanuel Macron condemned on Sunday "shocking" scenes of violence on the sidelines of protests over the cost of living in a televised address to the nation.
Dollar Index Stabilized
The biggest weighting in the dollar index, the common currency's drop helped steady the greenback, which traded level at 101.83.
US Dollar Flat Against Yen
Against the yen, the US dollar was flat at 158.00 yen as Bank of Japan Governor Kazuo Ueda said on Monday underlying inflation is "quite close" to the central bank's 2% target.
Fed Funds Focused on October
Fed funds futures are pricing an implied 84% probability that the Federal Reserve stays on hold at its next two-day meeting on October 28.
Oil Prices Drop
Oil prices slipped as trading resumed in Asia on Monday, with Brent crude futures down 1.7% at $108.
In short
Violent French protests caused euro to fall 0.1% to $1.1225, while dollar edged up from near monthly lows.
