Election results are the focus, both France and Germany:
Merkel victory in German state election
- French election results, official counts coming now
- Macron wins French election - EUR higher (early price indications)
- French election results - Le Pen concedes defeat
Over the weekend, from China, Forex reserves for April:
Reserves rose $21 billion during April
- Expected was +$11bn
- was +$3.96bn in March
To an eye-boggling $3.03 trillion
- $3.009 trillion in March
China has tightened capital outflow restrictions in the past months, trying to (successfully according to these reserves data) staunch capital leaving the country and in turn acting as a support for the yuan.
