America News Agency

The yuan held close to a multi-month low after China released a slew of economic data that pointed to an uneven recovery in the world’s second-largest economy.

The euro was nearly flat at $1.0701, picking up somewhat after falling to its lowest since May 1 at $1.06678 on Friday. The currency also logged its biggest weekly decline since April at 0.88 percent last week.

Investors have been contemplating the risk of a budget crisis at the heart of the euro area as far-right and leftist parties gain momentum ahead of France’s surprise parliamentary election, pressuring President Emmanuel Macron’s centrist administration.

The dollar index, which measures the greenback against a basket of peer currencies, changed slightly to 105.52 after touching its highest since May 2 at 105.80 on Friday.

Minneapolis Federal Reserve President Neel Kashkari said on Sunday it was a “reasonable prediction” that the U.S. central bank would cut interest rates once this year, waiting until December.