French President Macron: Government may decide further measures to cushion oil prices

Agustin Wazne FXStreet

French President Emannuel Macron said they will engage with several countries to limit measures to restrict exports, adding that there's obviously a need for a definition of military and political objectives in the war in Iran at a G7 leaders' video conference on Wednesday.

Key takeaways:

We will engage with several countries to limit measures to restrict exports.

There is no justification to lift sanctions on Russia.

It is obvious there is a need for definition of military and political objectives on war in Iran.

It will take a few weeks to coordinate Hormuz ship escorts.

Release of strategic reserves represents 14.5 mln barrels in France.

Government may decide further measures to cushion oil price increase for French consumers."

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.37%	0.15%	0.51%	0.14%	-0.53%	0.27%	0.17%
EUR	-0.37%		-0.22%	0.11%	-0.21%	-0.88%	-0.08%	-0.18%
GBP	-0.15%	0.22%		0.34%	0.00%	-0.67%	0.14%	0.03%
JPY	-0.51%	-0.11%	-0.34%		-0.35%	-1.02%	-0.23%	-0.33%
CAD	-0.14%	0.21%	-0.00%	0.35%		-0.67%	0.13%	0.02%
AUD	0.53%	0.88%	0.67%	1.02%	0.67%		0.81%	0.72%
NZD	-0.27%	0.08%	-0.14%	0.23%	-0.13%	-0.81%		-0.11%
CHF	-0.17%	0.18%	-0.03%	0.33%	-0.02%	-0.72%	0.11%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Author

Agustin Wazne

FXStreet

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

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