Elections and dissolution: the euro in decline and French values falling
“What is the point of holding anything other than the dollar at a time when the American economy continues to perform well and political uncertainty sets in in Europe?” Chris Turner, head of strategy at ING, the international bancassurance specialist, asks the question bluntly in the Financial Times.
The day after the announcement of the results of the European elections, the euro lost nearly 0.5% on Monday June 10 against the greenback, at $1.076. Its lowest level in a month. In fact, the European currency was already showing signs of weakness three days earlier, “while the dollar strengthened thanks to good employment figures in the United States”, remember The Wall Street Journal.
As for the CAC 40, it was down this Monday morning by 1.9% on the Paris Stock Exchange, “at its lowest level
