The EUR dropped for the second consecutive day as the impending national elections increased concerns with regards to the fate of the eurozone. The euro dropped to its lowest levels in two months against the JPY following an onslaught of protectionist policies from various EU leaders who are pitching against themselves in the forthcoming European elections in the coming months. EU members are also very concerned with the German elections, since a lot of analysts are speculating that the eurozone might fall apart once Angela Merkel loses in Germany’s parliamentary ballot and Marine Le Pen wins in France’s presidential elections.
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