Greenback drifts away from recent minimums

Greenback drifts away from recent minimums

On Thursday, the evergreen buck caught its breath in Asia, staying above minimums reached earlier this week as market participants anxiously waited for this weekend's first round of presidential voting in France.

The dollar index, tracking the American currency against a basket of six crucial counterparts, soared 0.1%, reaching 99.781, drifting away from a three-week minimum of 99.465 reached on Tuesday.

The common currency stood still on the day at $1.07140, and it was supposed to tread water ahead of this weekend's vote.

A great number of French voters are still undecided, thus making it the least predictable vote in France in decades, and driving fears of a potential surprise outcome, which spread turmoil in financial markets.

Against its perceived safe-haven Japanese counterpart, the major American currency traded moderatly higher on the day at 108.84 yen, drifting away from five-month minimums reached on Monday.


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