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EUR traders - Commerzbank on the French election, Europe "appears gradually more fragile"

2024-12-30FOREXLIVEFOREXLIVE
The EUR is a political creation, but what if the politics change?
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ICYMI, French President Macron called a snap election just in time for the opening of Asian FX in super-ultra-thin liquidity on Monday:

  • Monday morning open levels - indicative forex prices - 10 June 2024
  • EU politics - French President Macron has called a snap election. EUR/USD a touch lower.
  • Projections have centrist parties retaining majority in the European Union parliament
  • ForexLive Asia-Pacific FX news wrap: EUR lower on EU politics

EUR/USD continued its dribble lower during Europe/UK/US trade but has managed some recviery. Movement has been small only though.

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