EURUSD Tumbles As Le Pen Support Jumps

Jon Alternative Media, Blogosphere, Market Commentary

#presitrack 17/03
MLP 28% ( 1)
EM 25% (=)
FF 20% ( 1)
BH 12% (-1)
JLM 11% (-1)
@LesEchos@ORPI_France@radioclassique pic.twitter.com/icAEaopK7I
— OpinionWay (@opinionway) March 17, 2017

Given the collapse of European VIX to record lows, one could be forgiven for thinking that there’s nothing to worry about. However, a one point jump in first-round support for French far-right presidential candidate Marine Le Pen has sparked a notable drop in EURUSD this morning.

This post was published at Zero Hedge on Mar 17, 2017.