The euro fell on Monday as the French President Emmanuel Macron called a shock election after being trounced in the European Union vote by the far-right...
SINGAPORE - The euro fell on Monday as the French President Emmanuel Macron called a shock election after being trounced in the European Union vote by the far-right, while the dollar was steady ahead of the Federal Reserve meeting later in the week.
"But the exchange rate is still more likely to be influenced by this week's U.S. inflation data and FOMC meeting." U.S. nonfarm payrolls expanded by 272,000 jobs last month, data showed, while economists polled by Reuters had forecast payrolls advancing by 185,000. "We suspect that the median dot will fall from three cuts to less than two. A hawkish hold?," said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York.
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