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Currency Market Analysis

Global Themes

The U.S. dollar found less taxing times Wednesday as it rose above multimonth lows. The dollar rebounded above five-month lows against the euro, posting a quarter percent gain early Wednesday. The dollar has fallen prey to a sudden surge in the euro which has benefited from a marked reduction in political uncertainty in Europe. France’s coming presidential election appears set to put the euro zone’s No. 2 economy in the market-friendly hands of centrist Emmanuel Macron. But the euro’s politically-driven surge paused Wednesday, the eve of a meeting of the bloc’s central bank. Moreover, Presiden

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