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    Euro may fall on the eve of French presidential election

    Euro exchange rate may fluctuate at 1,04-1,10 USD/EUR

    Baku. 9 February. REPORT.AZ/ Euro rate against US-dollar began to decline in France due to the political uncertainties.

    Report informs citing the RIA Novosti, the decline in euro caused by presidential elections in France. Thus, the first round of presidential elections will be held on April 23, the second tour on May 7. According to the survey conducted among population, in the first round of the presidential elections, 24% of the National Front party leader Marine Le Pen will win. His rivals, former Economy Minister Emmanuel Macron 21%, ex-Prime Minister François Fillon will get 19% of the vote.

    Notably, in pre-election program of Le Pen restoration of France's "national independence", reduction of the flow of immigrants into the country, changes to the constitution. Notably, Le Pen issued statements associated with the need to hold a referendum on the application of the European Union and the euro currency.

    Analytical Group of Report News Agency said political processes in Europe will not end after the elections. The similar situation expected in Italy in summer: "Therefore, the depreciation of the euro is inevitable. US government which is against depreciation of euro will prevent it. As a result, euro exchange rate expected to fluctuate in the range of 1,04-1,10 USD/EUR.

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