In view of Sean Callow, Research Analyst at Westpac, politics looms over the fate of euro and may yet prove supportive.
“EUR seems set for a sharp move on the Sydney open Monday either way as the first round results of the French presidential election are released. The proportion of undecided voters is unusually high, but there are risks of a surprise as tilting towards the more market-friendly Macron and Fillon, rather than the extreme right (Le Pen) or extreme left (Melenchon).”
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