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Euro holds steady after EU vote shows pro-Europe parties cling to majority


Monday, 27 May 2019 08:07 WIB

DOLLARCurrency Euro


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The euro barely budged in early Monday trade after pro-European Union parties held on to two-thirds of seats in the EU parliament elections, limiting gains in nationalist opponents.

The common currency was little changed at $1.1210 in Asian trade and off a two-year low of $1.11055 touched on Thursday, as the markets studied the outcome of the vote.

The dollar was little changed against other currencies. The U.S. currency traded at 109.35 yen, not far from a three-month low of 109.02 touched two weeks ago, hit amid worries about escalating tensions between Washington and Beijing over trade and technology.

Source : Reuters


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