French TV debate to keep the euro subdued – ING

EUR/USD continues to consolidate at decrease ranges. Wednesday’s focus can be tonight’s TV debate between Macron and Le Pen. The pair is unlikely to stage a major transfer greater even when Macron ‘wins’ the controversy, economists at ING report.

Polls at present present fairly a powerful lead for Macron

“Polls at present present fairly a powerful lead (56% vs 44%) for Macron, whereas Le Pen can be hoping to enhance on her poor TV debate efficiency again in 2017.” 

“We doubt EUR/USD will rally too far have been Macron to ‘win’ the TV debate, however avoiding any slip-ups might see EUR/USD proceed to carry above the 1.08 stage regardless of a broadly stronger greenback.”