Here is what you need to know on Monday, July 1: The US Dollar (USD) struggles to find demand at the beginning of the third quarter as investors adjust their positions ahead of this week's key macroeconomic events and data releases.
Here is what you need to know on Monday, July 1: The US Dollar struggles to find demand at the beginning of the third quarter as investors adjust their positions ahead of this week's key macroeconomic events and data releases. Later in the session, preliminary Consumer Price Index data for June from Germany will be watched closely by investors. The ISM Manufacturing PMI for June and Construction Spending data for May will be featured in the US economic calendar.
Exit polls showed thatMarine Le Pen's far-right National Rally party won around 34% of the vote, ahead of the left-wing coalition New Popular Front and President Emmanuel Macron's Together alliance, which are projected to receive 29% and 20.5%-23% of the vote, respectively, according to Reuters. The second round of election will take place on July 7. EUR/USD started the week on a bullish note and was last seen gaining about 0.5% on the day at 1.0770.
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