- Analytics
- News and Tools
- Market News
- EUR/USD: Opponents of the EU are strong in France, spelling troubles for the euro – Commerzbank
EUR/USD: Opponents of the EU are strong in France, spelling troubles for the euro – Commerzbank
Following the first round of elections in France the euro is unable to defend its gains. In the view of economists at Commerzbank, the fact that opponents of the EU are strong in France cannot be a good sign for the single currency.
The single currency is a very tempting target for tribalistic politicians
“The news which the result of the first round of the French Presidential elections contained was actually EUR-positive. It was the fact that Emmanuel Macron actually gained a significant lead over the right-wing, anti-Europe competitor. A fact that was by no means certain based on recent polls.”
“Of course, EUR-bulls should worry. The fact that opponents of the EU are strong in France cannot be a good sign for the single currency.”
“The single currency is a very tempting target for tribalistic politicians. And further political integration in Europe, which from the point of view of many FX market participants might ease the (actual or alleged) deficit of economic and fiscal policy coordination within the single currency area, would clearly be off the agenda under a right-wing French President.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
