Long

Euro Rises After French Election; Yen Struggles Near 38-Year Low

The euro gained on Monday after France's snap election put the far-right in the lead, albeit with a smaller margin than expected. Marine Le Pen's National Rally performed worse than anticipated, easing fears of expansionary fiscal policies. The euro rose 0.4% to $1.0756, while the yen struggled near a 38-year low. The dollar index fell as U.S. inflation data bolstered expectations of a Federal Reserve rate cut. Other currencies, including sterling and the New Zealand dollar, saw modest gains.

signalmastermind

Expert Trading Signals & Market Analysis

Start 14-Day Free Trial : signalmastermind.com/register/?lid=18
Telegram Channel : t.me/SignalMasterMind_Free
LinkedIn : linkedin.com/company/signal-mastermind

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.