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Euro falls as France's Juppe rules out presidential bid

Today's press

  • The euro fell on Monday after former French prime minister Alain Juppe ruled out standing in the country's presidential elections, which investors saw as increasing the likelihood of a victory by anti-EU leader Marine Le Pen.

  • With geopolitical risk dominating early trading – North Korea fired four ballistic missiles into nearby waters – this is another busy economic event week that see's an RBA (Monday 10:30pm EST) and an ECB (Thursday 7:45am EST) rate decision and an U.S non-farm payroll print (Fri. 8:30am).

  • European and US equity gauges are moving lower after Asian markets were rattled by North Korea firing missiles into the Sea of Japan, while markets continue to price in a rate rise by the Federal Reserve next week, particularly following the latest comments from Fed chief Janet Yellen.

Next trading day's important events

Forex quotes:

  • USDJPY: 113.74
  • EURUSD: 1.0599

Indices:

  • S&P 500: 2383.12
  • NASDAQ: 5870.75

 


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  • avatar-2251
    • #

    Oh, it's a pity, but it's true that all these negative events around presidential election in France have a bad influence on the euro.


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