EUR/USD as follows the stock market to a fresh low. USD/JPY and the commodity bloc is still holding up.
The late-day euro trade will be all about the election. I don’t think the market is going to be too worried about a Hollande win unless he makes some bold anti-euro statements in his victory speech. The bigger risk is a Sarkozy upset, which might create a 100+ pip rally in EUR/USD.
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