Euro widens losses ahead of the weekend
Euro fell on Friday for the third session in a row ahead of the first round of French presidential elections on Sunday, as the dollar advances while caution reigns the markets.
A shooting incident yesterday in Paris raised caution in the markets ahead of the elections, with recent polls indicating slim chances for Far Right Candidate Marie Le Pen, but that failed to soothe the markets nonetheless.
On the other hand, the dollar rose today after upbeat U.S. housing data, while U.S. treasury secretary announced tax reforms are near.
EUR/USD last traded at 1.0698, down from the opening of 1.0618, with a session-high at 1.0737, and a low at 1.0685.
Earlier manufacturing and services PMIs from the euro zone bested expectations in April, but the data failed to underpin the euro today.
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