In Asia, the dollar saw a minor uptick as unrest in France put pressure on the euro, causing a small decline. Emerging market currencies, notably the Indonesian rupiah, are struggling with the looming threat of a stock market downgrade. Oil prices dipped following the lifting of sanctions on Russia, which may boost fuel exports. Upcoming meetings of the Federal Reserve and European Central Bank are fostering cautious market positioning.
Trading in the foreign exchange market started with a significant drop on Sunday evening. The euro opened half a percent weaker against the dollar and the forint was also hit. The spectacular movements are due to the escalating unrest in Europe. The situation in France worsened over the weekend, with French President Emmanuel Macron making an extraordinary televised address to the nation on Sunday evening, while violent clashes also occurred in …