Euro is steady with focus on Sunday's French presidential election

Euro is steady with focus on Sunday's French presidential election

On Friday, the common currency stood still below a three-week peak against the greenback, as market participants waited for this weekend's first round of voting in the French upcoming presidential election.

The evergreen buck was little changed against a basket of six crucial currencies, keeping to 99.815, after the latest data on American jobless claims as well as business activity in the mid-Atlantic region failed to change investors’ views of modest American economic surge as well as low inflation.

The common currency was intact at $1.0718, having surged to $1.0778 on Thursday, its highest value since late March, as market participants shut down broad bets against the euro ahead of Sunday’s French vote.

The euro traded steady against the Japanese yen, showing 117.10 yen and staying below Thursday's peak of 117.81 yen, which was the highest value since April 10.

As for the US dollar, it held steady vs. the Japanese yen at 109.28 yen, having climbed 0.4% on Thursday.



Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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