MUFG expects the euro to slide further into the French electionFrench President Emmanuel Macron called an election back on Sunday June 9.
Adam on the call:
Leader of the far-right National Rally Marine Le Pen has offered an olive branch:
Le Pen has helped steady the euro, with EUR/USD above 1.0700 again.
But, nerves remain. MUFG with the pith warning:
- "Overall, the developments do not change our view that the euro could weaken further ahead of the elections in France"
EUR/USD update since the NFP data back on June 7, just prior to Macron calling the election on the 9th:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: MUFG expects the euro to slide further into the French election (https://www.forexlive.com/news/mufg-expects-the-euro-to-slide-further-into-the-french-election-20240618/)
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