Jin10 data September 15 news, ING analyst Chris Turner stated in a report that the euro's reaction was very mild after Fitch downgraded France's credit rating, as this move was not surprising. He pointed out that the current market focus is on whether the new French Prime Minister can persuade lawmakers to support the fiscal consolidation plan. Forex market participants are expected to continue to follow France's debt situation, although our core view is that this will not evolve into another Eurozone crisis.
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International Netherlands: Euro reacts mildly to Fitch's downgrade of France's rating.
Jin10 data September 15 news, ING analyst Chris Turner stated in a report that the euro's reaction was very mild after Fitch downgraded France's credit rating, as this move was not surprising. He pointed out that the current market focus is on whether the new French Prime Minister can persuade lawmakers to support the fiscal consolidation plan. Forex market participants are expected to continue to follow France's debt situation, although our core view is that this will not evolve into another Eurozone crisis.