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MUFG expects the euro to slide further into the French election

Started by forex4you, Jun 19, 2024, 07:20 am

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MUFG expects the euro to slide further into the French election

French 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

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