* Graphic: World FX rates in 2019
* Trump expected to delay imposing auto tariffs, easing trade woes
* Euro lifted on hopes transatlantic trade tensions won't heat up
By Shinichi Saoshiro
TOKYO, May 16 (Reuters) - The euro was buoyant on Thursday as
trade concerns eased on expectations that U.S. President Donald Trump
will delay implementing tariffs on imported cars.
Trump administration officials told Reuters on Wednesday that the
president is expected to put off a decision on imposing tariffs on
imported cars and parts by up to six months, for now preventing a
further increase in transatlantic trade tensions.
The euro was 0.05% higher at $1.1207 , having bounced overnight
from a one-week low of $1.1178. The single currency was initially hit
as Italy's Deputy Prime Minister Matteo Salvini criticized European
Union rules for the second day.
"Long term prospects for the euro are not particularly
bright, given the region's soft economic fundamentals. But the news on
the auto tariff delay is helping the euro establish support at the
$1.1200 threshold," said Shin Kadota, senior strategist at
Barclays in Tokyo.
The dollar traded little changed at 109.500 yen .
The greenback had retreated to a low of 109.150 against the
safe-haven yen on Wednesday as U.S. yields slid on weak U.S. April
retail sales and industrial output data. China had also reported
surprisingly weaker growth in retail sales and industrial output for
April, denting riskier assets.
But the U.S. currency retraced its losses against the yen as trade
The dollar index against a basket of six major currencies was
nearly flat at 97.542 after posting modest gains the previous day.
The Australian dollar nudged down 0.1% to $0.6922 , staying
within touching distance of a 4-1/2-month low of $0.6915 touched the
previous day on weak domestic wages data and soft Chinese economic indicators.
Immediate focus for the Aussie was on the Australian employment
data due at 0130 GMT.
(Editing by Shri Navaratnam)
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