13/03/2026
The EUR dominated headlines yesterday morning, beginning the day stronger after the first round of France’s elections showed Marine Le Pen’s National Rally party did not secure as large a majority as anticipated.
Friday’s session was relatively uneventful, with macroeconomic data releases largely aligning with forecasts.
The US dollar climbed to a new two-month high following a chaotic performance from President Biden in the first Presidential debate.
The US dollar climbed to a six-week high during yesterday’s trading session due to safe-haven demand and quarter-end flows.
Currency markets are trading within a narrow range ahead of crucial US inflation data on Friday and the forthcoming elections in France and the UK.
Position adjustments in anticipation of Friday’s US inflation data and a lack of Tier 1 economic data led to narrow trading ranges in the currency markets yesterday.