The German election rally in the euro did not last long, as markets were not pricing in a political risk premium before the vote and the key downside risks to the euro remain intact, ING’s FX analyst Francesco Pesole notes.
The German election rally in the euro did not last long, as markets were not pricing in a political risk premium before the vote and the key downside risks to the euro remain intact, ING’s FX analyst Francesco Pesole notes.
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