EURUSD gets some bearish relief from the Fed and Dutch elections
Twas a good day for the euro yesterday but the real test comes in the aftermath of two events. On the dollar side, the weakness was a big factor and on the euro side, the Dutch elections have calmed some nerves. The populism movement is far from over but what the Dutch election has shown is that the majority of people are a long way from going down the extremism route, and that will be a thought for the market going into the French elections. Anyway, that’s about as deep as I’m going to dip into politics in this post.