Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Stocks in Asia were tepid in Tuesday morning trade, while investors looked toward to a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to...Asia Marketsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
For all the concerns about the EU breaking apart, analysts say the euro should eventually strengthen as the trade bloc solidifies economically and politically.
"The EUR is close to a turning point, amid accelerating inflation and stronger economic data," Andres Jaime, global FX and rates strategist at Barclays, said in an email. Although many threats still exist, he said the currency is likely on the upswing after "excessive pricing of political risk for 2017."
Jaime expects the euro to dip at the end of this year to $1.03 before recovering to $1.05 by the first quarter of next year.
Euro-USD 12-month performance
Other forecasts see even more strength. Societe Generale expects the euro to rise from $1.07 in June to $1.11 in December.
The estimates contradict analysts' previous forecasts for euro parity with the U.S. dollar, or a one-to-one relationship. Many traders have been on edge about whether growing populist sentiment can keep the EU together past key elections in France and Germany this year.
But as macro strategists see the developing situation, "at the end of the day, we might have one of the strongest French-German axis" in history, Philippe Ithurbide, global head of research, analysis and strategy at Amundi Asset Management, told CNBC in an interview in Paris last week.
In France, anti-EU candidate Marine Le Pen still ties with centrist Emmanuel Macron in leading the polls for the first election round, but Macron is expected to win by a greater margin in the second round. Meanwhile in Germany, pro-Europe candidates lead the polls for the September chancellor election: Angela Merkel faces former European Parliament President Martin Schulz.
On the economic front, the real GDP for the European Union grew 1.9 percent last year, according to eurostat. Many analysts also expect that later this year the European Central Bank will begin tapering, or reducing its stimulative quantitative easing program, due to the improving economy.
"While Le Pen is polling well for now, we are not anticipating her winning the second stage," Carl Forcheski, director of corporate FX sales at Societe Generale, said in an email. "Longer term, toward the second half of 2017, our econ research staff sees a good chance the euro firms, due to its massive undervaluation, structural surpluses and a market yet to price in an ECB tapering."
Populist voices in Europe have grown, and last June the U.K. vote to leave the EU surprised markets and the pound dropped to a more than 30-year low against the dollar.
Jitters over the French election did hit the market overnight after a new poll showed Communist-backed candidate Jean-Luc Melenchon gaining some ground. The euro dipped to a one-month low of $1.0568 before recovering to near $1.060.
Such near-term volatility is part of some analysts' forecasts.
"We see it weakening to 1.02 by June, to some extent because of risks related to the U.S. elections and some progress on U.S. tax reform. Then, we have it going back to 1.05 by year-end and 1.10 next year, as the ECB tapers QE," Athanasios Vamvakidis, head of G-10 FX strategy in Europe for Bank of America Merrill Lynch, said in an email.
To be sure, after market surprises like Brexit and U.S. President Donald Trump's election win, caution in forecasting political events is doubly warranted.
"Nobody can predict the outcome," noted French writer and philosopher Bernard-Henri Levy told CNBC in an interview last month. "In a way, Le Pen already won a lot because she dictated part of the terms of the public conversation."
"Common currency means common politics," he said. "If there is not in the coming years a significant political jump forward, euro will not survive. Euro will collapse."