Dollar edges lower as French vote looms

  • Forex News
Dollar edges lower as French vote looms
Credit: © Reuters. - The dollar edged lower Thursday with the first round of the French presidential election in focus.
The dollar index was off 0.15% at 03:00 ET at 99.56.
Polls show centrist candidate Emmanuel Macron with a narrow lead in the French race.
But the outcome of Sunday's ballot is too close to call. The euro was up 0.28% at $1.0742.
The dollar eased 0.11% to 108.74 yen as Japanese exports surged an annual 12% in March.
However, uncertainty remains about the outcome of U.S.-Japan trade talks.
U.S. rate hike odds lowered on doubts about Trump's ability to deliver on his pro-growth agenda.
The Beige Book released Wednesday showed only modest inflationary pressure in the U.S.
The pound was up 0.41% at $1.2828 as the U.K. parliament approved a snap general election on June 8.
The kiwi was up 0.67% at 0.7051 as New Zealand inflation rose more than expected.

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