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
- USDJPY: 113.74
- EURUSD: 1.0599
- S&P 500: 2383.12
- NASDAQ: 5870.75