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 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