Euro Stabilises Below Three Week High Ahead of French Election

The euro held steady below a three-week high against the dollar on Friday, as investors awaited this weekend’s first round of voting in France’s presidential election.

The euro was flat at $1.0718, after having risen to as high as $1.0778 on Thursday, its strongest since late March.

Security concerns have taken center stage in the run up to Sunday’s vote. A French policeman was shot dead and two others were wounded in central Paris on Thursday night in an attack claimed by the Islamic State militant group.

Reuters

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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.