Home / Market Update / Euro Falls on Concerns About French Isolation Measures

Euro Falls on Concerns About French Isolation Measures

The dollar rose against the euro due to the possibility of imposing general isolation measures that include in France, while the Japanese yen rose to its highest level in more than a month as traders adjusted their positions in preparation for the US presidential elections next week.

The dollar fell again against the Japanese yen due to the dissipation of hopes of finding a way to implement another package of financial stimulus in the United States, which affected market sentiment.

French President Emmanuel Macron will deliver a televised speech on Wednesday, amid media reports indicating that the government may impose new lockdown measures from midnight on Thursday.

The euro fell 0.45% to $ 1.1753, while the yen rose 0.2%, to trade at 104.16 against the dollar, its highest level in more than a month.

The dollar index, which measures the performance of the greenback against a basket of six currencies, rose 0.2% to 93.31.

The Chinese yuan settled at 6.7171 against the dollar in overseas transactions.

Check Also

Goolsbee Lauds September’s Jobs Report

Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered the latest …