Euro ticks up despite French govt collapse; bitcoin breaks $100,000

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Euro ticks up despite French govt collapse; bitcoin breaks $100,000 - Business Standard

Quick Summary:

French lawmakers passed a no-confidence vote against the government on Wednesday evening, throwing the country deeper into a crisis that threatens its capacity to tame a massive budget deficit.

The South Korean won dipped slightly as the nation's finance ministry said the government would activate 40 trillion won ($28.35 billion) worth of market stabilization funds after the chaos that followed President Yoon Suk Yeol declaring martial law on Tuesday and then rescinding.

The dollar index, which measures the US currency against six rivals, was slightly lower at 106.18.Sterling ticked up 0.15 per cent to $1.2721, while the Australian dollar was flat at $0.6431 after dropping about 0.9 per cent in the previous session on weak data.