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Apr 08 - 03:55 AM

EUR/USD - Close To 1.0850 Before French Election Event Risk

By Rob Howard  —  Apr 08 - 02:35 AM
  • EUR/USD hit 1.0855 EBS low at 0500 GMT, its lowest level since March 8

  • Sunday's French presidential election event risk is helping weigh on euro

  • Macron says Le Pen's programme will scare international investors

  • See: nL5N2W54EOnL2N2W528Z. Macron vs Le Pen run-off expected April 24

  • USD supported by Bullard's ultra-hawkish view on Fed Funds rate nL2N2W51HX

  • 1.0800 is key support level sub-1.0850 (1.0806 was 22-month EBS low March 7)

EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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