Reported 8 months ago
The dollar weakened against the euro as the common currency bounced back from a six-week low following news of a snap parliamentary election in France, amidst political upheaval in Europe. Despite a slightly positive response in French markets and the euro's recovery, the overall trend still favors the dollar. Investors are monitoring the situation, with potential impact from U.S. retail sales data and geopolitical dynamics. Meanwhile, Britain's inflation pressure defers a rate cut by the Bank of England, and the yen remains weak against the dollar after the Bank of Japan reduced bond buying.
Source: YAHOO