Oh Frexit! Down goes the Euro - BGC Partners

French election uncertainty and the widening Franco-German yield spread is in the driver’s seat as far as EUR/USD exchange rate is concerned.

Mike Ingram, Strategist at BGC Partners, calls the French Presidential Election a “a three-horse race” and explains the bearish impact of the widening Franco-German bond yield spread and the rise in the French 2-yr credit default swap on the EUR/USD pair.

Ingram also takes a close look at the tight correlation between the EUR/USD pair and EUR/USD 2-year currency basis swap.

Ingram is joined by Shaun Richards from Not A Yes Man Economics and Tip TV’s Zak Mir.

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