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This basically means that the euro found no way out of its current hole, maintaining a half a percent fall against the dollar while dipping 0.2% against the pound. Underlying fears over the potential for a Marine Le Pen presidency in France, and the (re)mounting debt crisis in Greece, have helped feed into the losses the currency saw after Mario Draghi’s address on Monday. The Eurozone indices, however, remain relatively unaffected; while the DAX may have only managed a meagre 0.1% increase, the CAC rose 0.6% (though the French index admittedly still has a way to go before it recovers the losses seen at the start of the week).

Over in the UK the FTSE once again found itself struggling to find any meaningful direction, sitting flat at 7180. The pound, meanwhile, paired its gains against a weak euro with a 0.2% fall against the dollar, keeping sterling just under $1.25.

Looking ahead to the US open and, excluding some out of nowhere nonsense from Trump, it seems that the Dow Jones will struggle to shift focus away from the Eurozone. The Dow managed to hit a fresh intraday high yesterday before falling back below 20100, with the futures suggesting that’s where it will find itself after the bell this afternoon.

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Connor Campbell

Connor Campbell

Connor joined Spreadex in 2014 as part of a newly expanded financial analyst team after graduating from the University of Southampton with an MA in English. His focus is on providing Spreadex's customers with up-to-date and informative news, and is responsible for the market analysis found on the Spreadex website.

Connor produces three daily market updates, a daily stock earnings preview, a weekly financial market preview piece every Friday, a round-up of all the big financial stories making the weekend press every Monday morning and regular stock market features.

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