Euro falls amid surprise French election results - Financial Times
Date: 2024-07-08 Author: Кирило Загоруйко Categories: ECONOMY
The euro is falling against the dollar as markets digest the results of the parliamentary elections in France. The Financial Times reports this.
It is noted that the European currency fell by 0.3 percent against the US dollar, one euro costs $1.08.
"We think investors are likely to think the election has avoided the worst results: a National Rally and New Popular Front majority government. But things still don't look good for France. ... It will be difficult for any government to accept budget cuts." "essential for France to comply with EU fiscal rules and put its public debt on a sustainable path," said Jack Allen-Reynolds, deputy chief eurozone economist at Capital Economics.
