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Wall Street and euro dip amid political, economic uncertainty

Investors focused on French politics as far-right leader Marine Le Pen launched her presidential bid

Reuters  |  New York 

The euro fell to a one-week low against the dollar on Monday on uncertainty ahead of several impending European elections, while European and Wall Street dipped ahead of a heavy week of corporate results. Concerns over French politics ahead of the presidential vote in April, as well as other elections in Europe later in the year, dented the euro. "Political risk is serving to dampen the euro after last week's stumble from the $1.08 area," said Shaun Osborne, chief FX strategist, at Scotiabank in Toronto. Wall Street linked to wall street string to check the ...

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First Published: Mon, February 06 2017. 23:17 IST
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