June 30, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Euro to Dollar Outlook Scenarios: French Election 2024
The Euro to Dollar exchange rate (EUR/USD) touched seven-week lows at 1.0660 during the week before creeping back above 1.07.
The near-term focus will be on the French parliamentary elections with opinion polls suggesting that President Macron’s centrist party is running behind the right-wing National Rally (RN) and left-wing alliance (NPF).
MUFG notes the risk that the Euro to Dollar (EUR/USD) exchange rate could weaken to 1.05 if President Macron suffers…
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