The Euro (EUR) is back where it was before parliamentary elections were called, Societe Generale FX strategist Kit Juckes notes.

EUR is beck where it was

“1-mnth volatility is most of the way back to where it was before parliamentary elections were called. Insouciance or simply a case that the consensus was already so negative that it takes a lot of bad news to get it significantly lower?”

“Either way, I still think there’s less upside from here than downside and we see a 1.03-1.09 range holding for the rest of the year.”