EUR: Brace for Italian risk ahead - ING
|Analysts at ING, suggests that the election of EU Commission President Ursula von der Leyen by a very narrow majority may have raised concerns about the stability of the newly-formed European administration.
Key Quotes
“What may be equally concerning, is that only one party in the current Italian coalition (5 Star) voted in favour, while the League voted against. It is another sign that the already faltering coalition may soon break down.”
“At this stage, it is fair to assume that markets should prepare for more Italy-induced volatility in rates and FX markets ahead. Along with a dovish ECB, this may be a temper EUR/USD upside in the coming months.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.