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Euro Falls from Grace as Elections Increase EU Exit Concerns


February, 08 2017
watermark Economic news

The EUR dropped for the second consecutive day as the impending national elections increased concerns with regards to the fate of the eurozone. The euro dropped to its lowest levels in two months against the JPY following an onslaught of protectionist policies from various EU leaders who are pitching against themselves in the forthcoming European elections in the coming months. EU members are also very concerned with the German elections, since a lot of analysts are speculating that the eurozone might fall apart once Angela Merkel loses in Germany’s parliamentary ballot and Marine Le Pen wins in France’s presidential elections.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.