Dollar’s Safe-Haven Status Remains Intact

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Dollar’s Safe-Haven Status Remains Intact
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0944 GMT – France’s political turmoil is unlikely to lead to sustained euro weakness, LMAX Group strategist Joel Kruger says in a note. The euro could face short-term downward pressure if French parliamentary elections are called before year-end following Prime Minister Sebastien Lecornu’s resignation. “The European Central Bank is likely to maintain its current policy unless the crisis significantly impacts eurozone-wide economic activity or financial stability.”

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