The dollar slipped against the currencies of oil-producing states on Thursday, giving up earlier gains as a bounce in crude prices gave succour to markets shaken by the massive coronavirus-induced drop in demand.
As Brent crude surged on signs producers were cutting production to address collapsing demand for fuel, the greenback fell 1% against the Russian rouble to 75.19.
The euro slipped against the dollar after French business activity hit a record low, with the single currency losing 0.3% to fall below $1.08 for the first time in 2-1/2 weeks. It was last at 1.0785. The dollar was flat against a basket of currencies, lasting trading at 100.540.
Source : Reuters