Markets expect a change of government in France following the upcoming legislative elections, which will see the first round of voting on Sunday.
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The Euro is losing ground again with analysts saying the upcoming French vote will be sharpening investors' minds.
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What is the Euro to Dollar forecast for the week ahead? We think there is scope for a near-term rebound, although it should be shallow as the Euro will likely remain under pressure heading into the…
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The Euro to Dollar exchange rate is set for a third consecutive weekly loss, partly thanks to a disappointing economic survey that showed economic momentum faded in June.
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Researchers at MUFG Bank say the Euro has a risk premium of about 1.0% due to uncertainties over the French election.
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The Euro to Dollar exchange rate is forecast to remain under pressure in the coming days amidst French political uncertainty.
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"The French:German 10-year sovereign spread briefly pushed beyond 70bp yesterday... That's bad," says Chris Turner, head of FX research at ING Bank.
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