Barclays: French election results may accelerate the decline of the euro

Golden Ten data, June 24th news, Barclays research analysts stated in a report that the French election may accelerate the recent decline of the euro against the US dollar EUR/USD not only by the far-right National Rally gaining a large number of votes, but also by the left gaining a large number of votes, turning the election into a competition between two extremes. They said, ‘In any case, French politics is shifting from President Macron’s pro-EU, liberal stance to policies demanding an expansion of budget deficits and weakening the power of European institutions,’ while at the same time, there is still strong demand for the US dollar.

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