⁍ The euro fell against the dollar on Wednesday following a media report that France’s government was leaning toward reinstating a national lockdown to curb a resurgence in coronavirus cases.
⁍ The dollar, however, gave up early gains against other major currencies as sentiment turned bearish due to uncertainty about the outcome of the U.S. presidential election next week.
– With coronavirus surging across Europe, France is considering imposing a lockdown to stop the virus from spreading, the BBC reports. According to Reuters, French President Emmanuel Macron will give a televised address Wednesday evening. His office has not said what the speech is about, but local media has reported that the government is exploring imposing a lockdown from midnight on Thursday.
Source: https://www.reuters.com/article/global-forex-int/euro-under-pressure-on-lockdown-fears-ahead-of-macron-address-idUSKBN27D02V