Group 1 - The euro appreciated by 0.25% against the US dollar, reaching 1.1586 [1] - The British pound declined by 0.06% against the US dollar, settling at 1.3166 [1] - The euro increased by 0.32% against the British pound [1] - The US dollar fell by 0.59% against the Swiss franc, with a rate of 0.8003 [1]

Core Viewpoint - The Euro is facing downward pressure due to political uncertainty in France and a dovish shift in European Central Bank interest rate expectations [1][2] Group 1: Currency Movements - The Euro to USD exchange rate is currently at 1.1572, with a slight increase of 0.01% [1] - The Euro to GBP exchange rate is under pressure, testing the support level of 0.8675, influenced by ongoing political uncertainty in France [1] - The Euro has significantly retraced from a peak of 0.8724 last Friday, indicating a notable decline [1] Group 2: Political Factors - President Macron's refusal to resign amid a new government facing a vote of no confidence is exacerbating market concerns [1] - The political deadlock in France is contributing to the downward pressure on the Euro [1] Group 3: Monetary Policy Expectations - The European Central Bank's shift towards a dovish stance is adding to the pressure on the Euro [1] - There are expectations that the Bank of England may further cut interest rates, with concerns that UK inflation may decline slower than anticipated [1] Group 4: Technical Analysis - Technical indicators for the Euro show significant downward pressure, with the Bollinger Bands expanding and moving averages trending downwards [2] - Initial resistance levels are identified at 1.1630 and 1.1731, while support levels are at 1.1528 and 1.1504 [2]