ING: The political turmoil in France has not yet had a significant impact on the euro.

Jin10 reported on September 19 that Francesco Pesole from ING stated in a report that the political turmoil in France has not yet had a significant impact on the euro, and this situation is expected to continue for the time being. He pointed out that the risk of the yield spread between French and German government bonds widening further still exists. However, “the most important thing for the euro is the speed of these adjustments; as of now, we do not expect any substantial foreign exchange spillover effects.”