Steven Pearson
Steven Pearson
euro grand longer medium positive prove
I don't think (the grand coalition) is going to prove that positive for the euro over the short, medium or longer run,
election since
The DAX has outperformed since the election was called in May,
ahead bought decision foreign huge impact investors negative overweight reform risk seeing unwind
We are not seeing a huge impact on the DAX ahead of the Fed's decision tomorrow, but foreign investors had bought into the idea of reform and the risk is that they will unwind their overweight positions, which would be negative for the euro.