Goldman Sachs scenario for the parity bus (EUR/USD parity that is)

Goldman Sachs on the French election, finessing a common line of thinking:
– If Le Pen’s odds of winning increase 10% EUR/USD could depreciate around 2%
– If Le Pen does not progress to the 2nd round EUR/USD could appreciate approximately 5%
EUR/USD is at further political risk from populist Euro-skeptic movements in Italy & elsewhere.