Recently, a growing number of experts believe that the euro will experience rough times if Marine Le Pen wins the French presidential election. It is more likely that the euro exchange rate will drop and achieve parity with the US dollar. Experts from Bloomberg predict the collapse of the euro in case Le Pen wins. First of all, it is connected with the National Front leader’s promise to hold referendum on the French franc return.
The majority of the economists who took part in the opinion poll are confident that the euro will equal the US dollar with some of them more pessimistic about the euro rate saying that it will drop even lower. The last time the US dollar and the euro were equal in 2002. Meanwhile, there is an assumption that even if Marine Le Pen loses the elections, the second half of the year will be rough for the euro. “At the moment the euro has a lot of problems. Such events as Brexit are not good for the single currency. On the other hand, Donald Trump, the US President, whether he is good or bad, conducts protectionist policy and his task is to improve the country’s economy, which will influence the US dollar positively. Consequently, the euro will drop and the US dollar will rise,” Anton Shabanov comments on the situation.
At the same time, the Russians may keep calm. The Russian ruble is influenced by the US dollar at a greater extent than by the euro. Thus, weakening of the European currency will hardly have a positive impact on the Russia’s national currency, though it will not be potentially disastrous, economists consider.
