Oops! France, Canada also announced a lockdown - Kakiforex | Forex markets for the smart money. Oops! France, Canada also announced a lockdown Oops! France, Canada also announced a lockdown

April 1, 2021

Oops! France, Canada also announced a lockdown

 Gloomy sentiment is likely to continue to plague the market after the two countries announced the implementation of the latest sanctions measures.


France, which has recently continued to show an increase in daily cases of coronavirus, is back under a third nationwide lockdown for four weeks effective Saturday.


French President Emmanuel Macron announced the matter on Wednesday and said the government had done everything it could to make the decision.



With a death toll of nearly 100,000, capacity in intensive care units increasingly critical and delays in vaccine launches, Macron had to do this shutdown to protect the economy.


This has put pressure on the euro to trade around a 4 -month low against the US dollar.


Meanwhile, Canada also announced a 28 -day closure in the province of Ontario that will take effect starting Saturday. However, the sanctions implemented were not as strict as the nationwide closures imposed in December.


The announcement has caused the Canadian dollar to reduce its gains in the previous session.