With a Socialist president in France and a strong popular mandate in Greece for re-negotiating the terms of its bail-out, the German-driven focus on budget discipline in Europe may have to soften.
The euro traded at its lowest in three months on Asian markets Monday morning (7 May), down to $1.29 from $1.3 on Friday. It also fell against the Japanese yen from 104.5 on Friday to 103.4.
An investor note from the National Australia Bank spelled out the worries: "The Hollande win in ...
Back our independent journalism by becoming a supporting member
Already a member? Login here