Italian politics chaos benefitting USD? - Rabobank
|Apart from the prospect of the Fed remaining well ahead of other major central banks on the path of monetary policy normalisation, the US dollar is also benefiting from growing concerns about the Eurozone with focus on Italy where Eurosceptic parties are on track to form a government, according to analysts at Rabobank.
Key Quotes
“The Polish zloty and its CEE peers have weakened in tandem with the euro in the early hours of trading after French Finance Minister Le Maire reportedly warned that the financial stability of entire Eurozone will be at risk if Italy’s new government does not respect its commitments on debt, the deficit and the banking sector.”
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.