The Euro appears to be waiting for cues from French coalition talks, with scenarios ranging from a left-wing government to a market-friendly technocrat prime minister. FX volatility has continued to drop in the meantime but EU politics may revamp it, ING FX analyst Francesco Pesole notes. France faces a rather unusual political stalemate “The market has been inundated with all sorts of scenario analysis after the French election resulted in a rather unusual political stalemate in France.
That is not too much of a stretch, especially in the instances of a technocrat prime minister solution to coalition impasses.” “In France, a coalition that includes a technocrat prime minister would likely require the exclusion of the most left-wing factions of the New Popular Front party, and it remains unclear whether this is feasible in terms of parliamentary arithmetics. That would be the most market-friendly scenario in the near term as it would prevent large spending measures.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD drifts higher as Euro bolstered by recovering market sentimentEUR/USD recovered to 1.0740 on Monday as market sentiment shifts back into rate cut hopes to kick off the new trading week, with investors shrugging off cautionary statements from Federal Reserve (Fed) officials that warned rate cuts may not materialize at a pace investors are happy with.
Read more »