Austrian elections this weekend - what to expect for the euro

Author: Eamonn Sheridan | Category: News

This via Commerzbank on the Austrian elections coming up

EUR:
  • If concerns about a serious political crisis in Spain are unable to affect the FX market then the elections in Austria, where a new parliament will be elected on Sunday, will most definitely not have this effect.
  • ... do not expect to see any impacts on the euro.
  • The latter would only have to be expected if there was going to be an escalation of the conflict between Spain and Catalonia - contrary to the signals we are seeing at the moment.
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I'd only add that in the early Monday forex market liquidity conditions there could be some sharp moves that won't necessarily extend once more normal conditions arrive a little later.