Delay In Tariffs Help Euro Stabilize – 15 May, 2019

The euro was steady as the Trump administration officials reported the possibility of delaying tariffs on imported cars for six months, putting a hold on possible trade tensions. The euro was last trading at $1.1207, 0.05% higher, bouncing back from the one week low it hit overnight of $1.1178. Against the yen, the dollar dipped to 109.150, sliding on weak April retail sales and weak output data in the U.S. Against a basket of six major rivalries, the dollar index was flat at 97.542. The Australian dollar fell 0.1% to $0.6922, just above the over 4 month low it hit the previous session of $0.6915.