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After Macron’s election gamble, is political risk a new headwind for the euro?

From xm.com

{video}Financial markets don’t usually pay so much attention to elections for the European Parliament, as national governments are often seen as the bigger force in setting EU policy. However, whilst the outcome of far-right parties faring well was widely predicted, it is the fallout in France, and potentially in Germany too, that is having ripple effects in the markets. President Macron’s Ensemble coalition, made up of liberal-centrist parties, received just 14.6% of the votes, coming second to Marie Le Pen’s National Rally party, which won more than twice that share, gaining 31.4%. When combined with the votes for ... (full story)

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  • Category: Fundamental Analysis