EUR/USD's Major Driver Likely to Be Polls for French Election's 2nd Round -- Market Talk

Dow Jones07-01

0058 GMT - EUR/USD's major driver this week is likely to be polls for the second round of France's election to be held on July 7, once today's knee-jerk reaction to the results of the election's first-round fades, three members of CBA's Global Economic & Markets Research say in a research report. EUR's reaction to the first round of the elections is expected to be relatively muted, given the outcome is in line with the polls, the members say. Provisional results of the election's first round suggest the right-wing coalition led by National Rally performed well, broadly in line with the polls, the members note. EUR/USD is little changed at 1.0744. (ronnie.harui@wsj.com)

 

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June 30, 2024 20:58 ET (00:58 GMT)

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