Political Uncertainty in Europe Puts Pressure on Euro

Reported 10 months ago

The euro is facing increased pressure due to heightened political uncertainty in Europe, leading to the currency hitting a one-month low against the dollar after far-right parties outperformed in European elections. Traders anticipate more significant fluctuations and further declines as French President Emmanuel Macron's snap legislative ballot was announced, raising concerns about the euro's long-term prospects for unity and integration in Europe. Volatility has spiked, with sentiment turning negative, and strategists predict a potential drop to $1.05 in the coming months amidst rising political risks.

Source: YAHOO

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