German State Elections Unlikely to Materially Move Euro
Dow Jones
Sep 21
0734 GMT - The losses suffered by Germany's ruling Christian Democratic Union in state elections should have a limited impact on the euro, ING's Francesco Pesole says in a note. The results of the election mostly reflect local dynamics rather than a verdict on Chancellor Friedrich Merz's reforms, he says. Still, delivering that agenda could become more challenging with CDU support falling and the political landscape becoming increasingly fragmented, he says. "These developments add some clouds to the euro, but are not enough to displace rate differentials and oil as its primary drivers." The euro falls 0.1% to $1.1474.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.