Friday , 22 November 2024
Home Forex Analysts wary on the EUR in the wake of the French election
Forex

Analysts wary on the EUR in the wake of the French election

The left wing New Popular Front coalition is projected to have won the most seats in France’s National Assembly after the election over the weekend.

CBA analysts are wary that the parties in the coalition want a big increase in spending, adding to France’s already large budget deficit and deb. Also wary of how a governing coalition is going to be formed, with no one party in majority the could be instability ahead.

TD note similar concerns:

  • ineffective government
  • risks of a rising debt profile

Both sets of analysts are looking for the event to weigh on the EUR.

Update:

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

NZD/USD extends downside to near 0.5850 on stronger US Dollar, dovish RBNZ expectations

The NZD/USD pair trades in negative territory for the third consecutive day...

Japan Jibun Bank Services PMI: 50.2 (November) vs 49.7

Japan Jibun Bank Services PMI: 50.2 (November) vs 49.7

Japan Jibun Bank Manufacturing PMI below forecasts (49.5) in November: Actual (49)

Japan Jibun Bank Manufacturing PMI below forecasts (49.5) in November: Actual (49)

Singapore Q3 GDP +5.4% y/y (expected +4.6%, preliminary 4.1%)

Singapore Q3 GDP 3.2% q/qexpected 2.5%, preliminary was 2.1% +5.4% y/y expected...