Austrian elections this weekend - what to expect for the euro
This via Commerzbank on the Austrian elections coming up
- 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.
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.