"Reuters" said : Dollar edges up, European inflation data underpins euro

collected by :John Miller

TOKYO The dollar shrugged off early modest losses in holiday-thinned Asian trading on Monday, while solid European inflation data underpinned the euro. Official flash estimates put euro zone inflation at 1.9 percent in the first quarter, above estimates of 1.8 percent. (Reporting by Tokyo markets team; Editing by Eric Meijer) Tokyo markets will be closed for three days from Wednesday for a string of holidays known as Golden Week, and many investors take additional time off. The dollar index .DXY, which tracks the greenback against a basket of six rival currencies, edged up 0.1 percent to 99.144 .DXY.


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FOREX-Dollar edges down, European inflation data lift euro

The euro edged up 0.1 percent to $1.0906, underpinned by solid euro zone inflation figures on Friday that analysts said could prompt the European Central Bank to take a more hawkish stance in its June statements. The dollar edged down 0.1 percent against the Canadian dollar on Monday to C$1.3640 after logging a 14-month high of C$1.3697 on Friday. Official flash estimates put euro zone inflation at 1.9 percent in the first quarter, above estimates for a rise of 1.8 percent. On Sunday, U.S. President Donald Trump increased diplomatic contacts with allies in Asia to secure their cooperation to pressure North Korea its nuclear bomb and missile programs. "But there's geopolitical risk lingering here, so it will probably trade with a heavy tone," he said, as market participants continued to watch for any developments with North Korea.


[ID:nL4N1I02HF] (Reporting by Tokyo markets team; Editing by Eric Meijer) ((lisa.twaronite@thomsonreuters.com;)(+81 3 6441 1870; Reuters Messaging: lisa.twaronite.thomsonreuters.com@reuters.net)) Keywords: GLOBAL FOREX/ (UPDATE 1) Tokyo markets will be closed for three days from Wednesday for a string of holidays known as Golden Week, and many investors take additional time off. Official flash estimates put euro zone inflation at 1.9 percent in the first quarter, above estimates of 1.8 percent. The dollar index <.DXY>, which tracks the greenback against a basket of six rival currencies, edged up 0.1 percent to 99.144 <.DXY>. The euro was steady on the day at $1.0894 , underpinned by solid euro zone inflation figures on Friday that analysts said could prompt the European Central Bank to take a more hawkish tone in its June statements.