* Dollar index slips to lowest since March 28
* Stock volatility no big factor for ECB so far: Draghi (Updates market action)By Saqib Iqbal AhmedNEW YORK, April 9 (Reuters) - The dollar fell against abasket of currencies on Monday, on persistent worries about apotential trade conflict between the United States and China andas the euro rose following comments from European Central BankPresident Mario Draghi that were deemed supportive of the commoncurrency.The dollar index , which measures the greenbackagainst a basket of six other major currencies, was down 0.3percent at 89.842, after slipping to low of 89.818, its weakestsince March 28."I think some of this is related to trade war tensions. Thattheme has been coming and going these past few days," said BradBechtel, managing director FX at Jefferies, in New York.Global markets took a hit last week as U.S. President DonaldTrump upped the ante in a trade dispute with China, revivinginvestor jitters about the impact a tariff war could have on theworld economy.China is evaluating the potential impact of a gradual yuandepreciation as a tool in the escalating trade dispute with theUnited States, Bloomberg News reported on Monday, citing peoplefamiliar with the matter. The report, which led the yuan to give up early gainsagainst the U.S. dollar, added a layer of uncertainty incurrency markets and had some spillover effects in emergingmarket currencies, Bechtel said.Meanwhile, the euro , was up 0.32 percent against thegreenback. A slide in stock markets this year has not materiallyimpacted euro zone financial conditions, European Central BankPresident Mario Draghi said on Monday, suggesting thatpolicymakers remain calm about the recent market volatility. While Draghi's comments were not materially a surprise,analysts said the move in the euro may have been exaggerated ina thin market which is expecting some more clarity on the tradewar front when President Xi Jinping speaks at the Boao Forum forAsia in the southern province of Hainan on Tuesday."Draghi's comments were a bit more supportive of the eurothan what he signaled at the ECB press conference and marketsare clutching at that," said Viraj Patel, an FX strategist atING Bank in London.Sterling climbed against the dollar and the euro, boosted bydata showing British house prices rose more than expected inMarch. Sterling was up 0.29 percent at $1.4131. The greenback was 3.79 percent higher against the rouble , after the United States hit Russian companies andofficials as part of a round of new sanctions against Moscow. The loonie rose against its U.S. counterpartfollowing the release of a report by the Bank of Canada thatsaid Canadian companies remain optimistic about sales growthdespite trade uncertainties, reinforcing expectations of furtherinterest rate hikes down the line. ========================================================Currency bid prices at 3:02PM (1902 GMT) DescriptionRIC Last U.S. ClosePct Change YTD Pct High BidLow BidPrevious Change
Session
Euro/DollarEUR=$1.2320$1.2281 +0.32% +2.70%+1.2330 +1.2261 Dollar/Yen JPY=106.7400 106.9100-0.16% -5.26%+107.2000 +106.7400 Euro/Yen EURJPY= 131.51 131.30+0.16% -2.71%+131.9900 +131.1200 Dollar/Swiss CHF=0.9562 0.9590-0.29% -1.86%+0.9609 +0.9561 Sterling/DollarGBP=1.4131 1.4090+0.29% +4.58%+1.4164 +1.4080 Dollar/CanadianCAD=1.2699 1.2782-0.65% +0.97%+1.2818 +1.2690 Australian/DollAUD=0.7700 0.7675+0.33% +0.00%+0.7711 +0.7653 ar
Euro/Swiss EURCHF= 1.1781 1.1777+0.03% +0.00%+1.1798 +1.1769 Euro/SterlingEURGBP= 0.8717 0.8712+0.06% +0.00%+0.8720 +0.8699 NZ Dollar/DolarNZD=0.7316 0.7262+0.74% +0.00%+0.7324 +0.7266 Dollar/NorwayNOK=7.7779 7.8272-0.63% +0.00%+7.8420 +7.7699 Euro/NorwayEURNOK= 9.5851 9.6132-0.29% +0.00%+9.6234 +9.5765 Dollar/SwedenSEK=8.3561 8.3896-0.08% +0.00%+8.3984 +8.3476 Euro/SwedenEURSEK= 10.295010.3030 -0.08% +4.63%+10.3085+10.2780
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^Euro positions Graphic: World FX rates in 2018 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Additional reporting by Saikat Chatterjee in LONDON; Editingby Andrea Ricci and Cynthia Osterman)
6054; Reuters Messaging:saqib.ahmed.thomsonreuters.com@reuters.net)) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.