MUFG: EUR/USD outlook amid French elections and June NFP print ...Middle East

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MUFG: EUR/USD outlook amid French elections and June NFP print
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MUFG discusses the potential impact of the French elections and the June NFP print on EUR/USD. The focus is on the risk premium already priced into EUR/USD and how the election results could influence further movements.Key Points:Current Situation:Stabilization: EUR/USD has stabilized around the 1.0700 level after initially dropping by two big figures following the announcement of snap elections in France.Risk Premium: MUFG estimates a 1.0% risk premium is currently priced into EUR/USD.First Round of Elections:Impact of Results: The first round of the French elections on Sunday will provide a clearer picture of the support for right and left parties.Potential Outcomes:Strong Performance by R

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