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Euro dips on French no, but markets calm

The euro fell to 1.2474 against the dollar on the first day of trading after the French referendum (30 May) - its lowest level in seven months - but analysts said the no vote will not have a major impact on European investors.

"The euro may have a little further to go, it could well hit 1.23 or 1.22, we just don't know yet", a source at Anglo Irish Bank told EUobserver, adding that the gradual decline of the common currency set in months ago as French opinion polls began to predict a n...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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