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French protests impact euro and dollar stability
The European currency, the euro, was negatively affected due to escalating violent protests in France against rising living costs, leading to a 0.1% decline to $1.1230. As a result, investor appetite weakened ahead of the European Central Bank’s monetary policy meetings and the Federal Reserve’s policy meeting. Meanwhile, the dollar remained steady against the yen at 158.09 and declined against the yuan following strong GDP growth in China. Brent crude oil prices fell by approximately 1.7% to $108.01 per barrel amid comments regarding sanctions on Russian oil exports, amidst ongoing losses in emerging market currencies, despite digital currencies rising led by Bitcoin.
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