Investors Consider Euro Elections After Trump Win

OVERVIEW In contrast to forecasters expectations, markets appear to be viewing yesterday’s election result as positive overall. The Dollar is broadly higher against its G10 counterparts, with signals that risks are improving against the Japanese Yen. Emerging market currencies are under pressure from the strengthening US Dollar, down by 2-3%, as money flows toward developed markets on improved growth hopes. HIGHLIGHT The Euro fell sharply yesterday following the surprising election outcome as investors considered the potential ramifications for French and German elections next year. The pound benefited from the perceived risk of the far-right anti-EU parties gaining ground, especially in…

Source: XE news feed
Investors Consider Euro Elections After Trump Win