Hollande Determined to Stop Le Pen Succeeding

Outgoing French President Francois Hollande said in European newspaper interviews published on Monday that his “ultimate duty” was to prevent a victory of far-right National Front leader Marine Le Pen in this year’s election.

“My ultimate duty is to make sure that France is not won over by such a programme, and that France does not bear such a heavy responsibility,” said Hollande of the risk of a Le Pen victory in the election.

He added it was inevitable that the European Union would have countries progressing at “different speeds” and that he saw no reason to call into question Donald Tusk’s role as president of the European Council.

Reuters

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.