Euro lowers led by EUwheatprices

Global English (Middle East and North Africa Financial Network)

European wheat futures lowered due to this week's rally in the euro against dollar, which continued to dampen sentiment but price movements were limited in the end of the week trading.

As the most active contract on Paris-based Euronext, May millingwheat, had been settled on 0.50 euro, or 0.3%, at 172.00 euros per ton, it was holding in its recent chart range.

Moreover, one futures dealer said: "The euro trading above $1.07 is weighing on the overall trend, although this hasn't been enough to break chart support in lacklustre end-of-week activity."

Earlier, the euro had hit a new five-week high after a poll showed anti-EU politician Marine Le Pen extending her lead in the first round of French Presidential elections.

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