The Eurozone economy is gradually improving

Huitong Network2month27Daily News - Monday(2month27day)In the Asian market, the euro fell against the US dollar in a volatile manner. After the initial volatility and decline, the decline was recouped. Trading is now in1.0566frontline.

according toFX678Observation, Imperial Commercial Bank of Canada(CIBC)The view is that the trading environment for the euro is favorable, and the eurozone economy is gradually improving, but populism is gradually heating up. The specific views are as follows.

CIBCEUR/USD is expected to initially decline and then rise, with a focus on year-end targets1.12

It seems that the rise of short-term populism will dominate the euro. The market is worried that Le Pen, the extreme rightist leader, is ahead of France's big voters. It is expected that the yield gap between French and German treasury bond will expand, which will weaken the euro.

Huitong Network pointed out that the French general election is currently showing a stalemate, and the two rounds of voting in the French presidential election will be held separately4month23Rihe5month7Daily progress. At present, the vote share of the three presidential candidates is relatively close, and as voting day approaches, the atmosphere of the election is becoming increasingly intense and tense.

However, as the market does not believe that Le Pen will5month7Winning in the second round of the general election on the day, the market focus will shift towards better performing Eurozone economic data. Recent Eurozone2monthMarkitComprehensive Purchasing Manager Index(PMI)Up to2011year4The highest growth in the past month is encouraging, and this growth is more widespread.
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