Impacts of France's Snap Election on FX Markets

Reported 8 months ago

Far-right French leader Marine Le Pen stated she won't demand French President Emmanuel Macron's resignation if her party wins the snap parliamentary elections, sparking discussions on potential market impacts. Commerzbank AG's Ulrich Leuchtmann explains that while the FX market perceives potential complications during crisis times, it's only marginally concerning currently. Leuchtmann raises questions about a eurozone crisis and how skeptical governments might respond, emphasizing the market's unease about the euro's future in such crises. Overall, the concern isn't immediate but rather about the euro's resilience amid turmoil.

Source: YAHOO

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