Home›Forex›Major Pairs›EUR/CAD Gaps Lower as French Unrest Amplifies Fiscal R…

EUR/CAD Gaps Lower as French Unrest Amplifies Fiscal Risks, Oil Supports CAD

Reported · Written up by our desk · Major Pairs

EUR/CAD gapped sharply lower at the weekly open, falling from 1.6269 to as low as 1.5777, as violent weekend unrest in France compounded an already elevated fiscal risk premium while Canadian Dollar held onto support from Friday's oil surge,with Tuesday's French budget vote and Friday's Moody's review now the key tests of whether the breakdown toward 1.5733 and 1.5610 extends. The post EUR/CAD Gaps Lower as French Unrest Amplifies Fiscal Risks, Oil Supports CAD appeared first on ActionForex .

More like this

Sources