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June 14, 2024
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Election concerns in France give euro worst week in two months

“On both ends of the French political spectrum, the parties that are campaigning are fiscally expansionist,” says Karl Schamotta, chief market strategist at Corpay. “Markets are mostly responding to additional fiscal stress.” ... “We're seeing flows into the U.S. on both ends of the spectrum - from the safe-haven side as well as on the yield-seeking side - given that U.S. yields remain well above those available elsewhere" Reuters: Election concerns in France give euro worst week in two months