France disruptions impact euro and dollar
The global markets experienced an increase in the value of the US dollar against a decline in the euro, due to intense unrest in France that has heightened economic concerns. The euro fell by 0.1% to $1.1225, following days of widespread protests over rising living costs that included acts of violence. Meanwhile, the dollar remained stable against other major currencies such as the yen, yuan, and British pound, amid anticipation of Chinese economic data and expectations that the Federal Reserve will keep interest rates unchanged, with a 84% probability in its upcoming meeting. This coincided with a rise in digital currencies like Bitcoin and Ethereum.
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