FX Alpha 24 September 2013

How fantastic is Angela Merkel’s victory?

Despite an overwhelming victory the lack of its coalition partner could turn Angela Merkel ́s triumph into a dilemma. Investors should have in mind the even a delay of building a new government can not completely ruled out.

The German election result was of no great significance for the FX market so far. First of all it had generally been expected that Angela Merkel would win the election and secondly the euro-critical “Alternative für Deutschland“ (AfD) did not manage to obtain 5% of the vote and there-fore does not get any seats in parliament.

To know more click here PDF