Fillon Determined to Remain in Presidential Race

Francois Fillon’s vow that he won’t quit the French presidential race will be tested Monday as party chieftains gather to consider his fate amid a persistent corruption scandal.

The leadership of the center-right Republican party is to meet to discuss Fillon’s future after potential charges of embezzlement against him undermined his campaign and caused dozens of his top supporters to withdraw their backing. Fillon said Sunday night that he was staying in the race, after widespread speculation that he would pull out.

“No one can prevent me from being a candidate,” he said on France 2 television. “Any change so close to the election is necessarily doomed to fail.” In a rally attended by tens of thousands of party faithful, Fillon emphasized that, as the winner of November’s primary, he was the legitimate candidate.

Bloomberg

So What’s Next

USD/CAD – Canadian Dollar Slips to 8-Week Low on US Rate Expectations

MS

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.