Euro Calm After Spain Poll; Trump Hits Petrocurrencies
Monday, 29 April 2019 16:13 WIB | CURRENCIES | Indeks Dolar EuroMata Uang Eropa

Major currencies were little changed in early trading in Europe Monday, although a positive tone in equity markets in the wake of the U.S. GDP report on Friday helped the Aussie and kiwi to strengthen a little against the dollar.

At 03:00 AM ET (07:00 GMT), the euro was at $1.1161, only fractionally above the two-year low that it fell to last week. It™s being supported by profit-taking in crude oil on the back of Twitter comments from President Donald Trump at the weekend. Trump said he "spoke to Saudi Arabia and others about increasing oil flow." Lower oil prices typically benefit the euro zone, an oil importer. The flip side is that petrocurrencies like the Russian ruble suffer. It's down around 1.5% from last week's high.

The dollar index, which measures the greenback against a basket of six major currencies, was at 97.708, around 0.3% below the new high for 2019 that it hit on Thursday.

Source : Investing.com

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