EURJPY
119.57
+2.22%
EURNZD
1.5442
+1.35%
EURUSD
1.0865
+1.31%
EURCAD
1.4651
+1.27%
EURAUD
1.4390
+1.27%
EURGBP
0.8476
+1.27%

Geopolitical tensions somewhat took a back seat last week. The headlines were filled by news of UK snap election, French election, and to a lesser extent US tax reform. Sterling ended the week as the strongest major currency after boosted by the news of snap election and prospect of a "softer" Brexit. Euro survived the terrorist attack in Paris and French election uncertainties to end as the second strongest one. Dollar ended the week mixed as markets seemed not too convinced by news of Trump administration's tax reform. Meanwhile, Canadian Dollar ended as the weakest one as dragged down by WTI crude oil's sharp fall and break of 50 handle. The result of French election on Sunday will be the first market mover this week.

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