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Apr 11 - 09:55 AM

EUR: What A Strange Beast The Euro Is - SocGen

By eFXdata  —  Apr 11 - 09:07 AM

Societe Generale Research discusses its tactical bias on the EUR in the near-term.

"What a strange beast the euro is. The first round of French Presidential election voting produced a re-run of the 2017 run-off between Emmanuel Macron and Marine Le Pen. The vote was closer than last time but that hasn’t prevented a relief rally this morning for the euro," SocGen notes. 

"The backdrop is different, with the focus on the war in Ukraine rather than on the threat of a referendum on French EU membership, but a wobble seems inevitable at some point in the next two weeks," SocGen adds. 

Source:
Société Générale Research/Market Commentary

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