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On Monday, the common currency stood on the defensive after Austria's election. It was also influenced by worries over Catalonia's confrontation with Spain, although the greenback lacked momentum after soft American inflation data.
The euro went down 0.25% in early trade, hitting $1.1806, diving further from a 2 1/2-week maximum of $1.1880 reached on Thursday.
Austria's young conservative politician Sebastian Kurz is expected to become the country's next president after Sunday’s election. Kurz will probably seek a coalition with the far right because his party is currently short of a majority.
Market participants also kept an eye on Spain, exactly where Catalan leader Carles Puigdemont is expected to finally make it clear whether he’s actually calling for Catalonia’s independence or not.
Traders weren’t excited about the greenback, as Friday's American consumer price data definitely underscored low inflation.
On Wednesday, the evergreen buck declined because the Japanese yen kept to a two-month minimum due to the fact that market participants had the latest trade reports digested…
On Tuesday, the evergreen buck added versus its counterparts because market participants weighed the latest worsening in the tit-for-tat tariff conflict between China and America, while a weaker common currency also raised market sentiment…
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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