Euro on course for weekly gain; U.S. tariffs hit C$, peso
Friday, 1 June 2018 09:05 WIB | CURRENCIES |Dolar Euro

The euro is poised for its first weekly gain in seven weeks on Friday as worries over Italy™s political crisis ease, but the Canadian dollar and the Mexican peso were hit when Washington lifted exemptions from tariffs on imported steel.

The euro traded at $1.1699, little changed on the day but keeping intact its recovery from Tuesday™s 10-month low of $1.1510.

So far this week it is up 0.4 percent after six straight falling weeks, hit by signs of slowdown in the euro zone economy and political instability in Italy and Spain.

The Canadian dollar stood at C$1.2945 to the U.S. dollar, after falling 0.65 percent the previous day.

The Mexican peso hit a 15-month low of 20.050 to the dollar on Thursday and last stood at 19.908 per dollar.

Concerns about a trade war hampered the dollar against the yen.

The dollar traded at 108.73 yen, little changed so far in Asia on Friday but down 0.5 percent since the start of week.

Source: Reuters

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