Economics
Euro Rescued by Macron, Dutch Poll Finds Echo in Options, Charts
- Bearish bets on Europe’s shared currency are receding
- Momentum studies suggest Euro Index may seek year-to-date high
Macron Leads the Pack Following First French Debate
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The euro is approaching its strongest level this year, supported by a change in the European Central Bank’s rhetoric, a less hawkish-than-expected Federal Reserve and easing concerns over populist sentiment across the currency bloc.
A read-out of some key gauges that measure investor sentiment, together with options positioning, technical charts and flows, suggests greater resilience may be in place.