Given the ongoing French elections, any result that falls below market expectations could put downward pressure on the euro, offering a prime selling opportunity. The political outcomes of these elections could significantly sway the euro's trajectory, making this an event to watch closely. Shifting focus to the United States, the labour data set for release on Friday is poised to be a major influence on market dynamics.
An unexpected rise in unemployment could lead to dollar weakness, presenting a strategic point for currency trades. Concurrently, Canadian employment data will also be under the spotlight. Signs of a weakening labour market might prompt the Bank of Canada to consider interest rate cuts, potentially leading to opportunities for CAD selling. Additionally, the anticipation for Thursday's Swiss CPI data offers a unique opportunity for trading the Swiss franc.
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