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Published: 2024-07-01T02:24:26.000Z

EUR flows: Opening gap was not closed

byCephas Kin Long Yung

FX Analyst
2

France right party made gains in election

The French election over the weekend has shown the far right party of Marine Le Pen making historical gains while Macron's centrist suffered losses and left alliance doing well. While these seems to be pointing towards a hung parliament, the Euro seems to be making some gains on lesser uncertainty.

EUR/USD gap higher to 1.0743 from 1.0710 Friday's closed and remains higher at 1.0750 currently.

 

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Topics
Foreign Exchange
Flows
EUR/USD-Commentary

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