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Markets Await Trump Congress Appearance

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The euro rose against the dollar as weekend developments in the French presidential elections and better-than-expected economic confidence data boosted the currency, although gains were limited by underlying political risks.

The single currency climbed after euro-area economic confidence rose to the highest level in almost six years, in a sign of continued momentum in the region. That followed favorable opinion polls for independent presidential candidate Emmanuel Macron. Still, with the French election, along with next month’s Dutch vote, remaining as risk events for the currency, it is still among the worst-performing G-10 currencies against the dollar this year.

Bloomberg

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MS

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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