OctaFX | OctaFX Forex Broker
Open trading account
Back

EMU: Political interest over economic ones - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman suggested that Europe itself is more a political construct than a geological one.

Key Quotes

"We have argued the advent of EMU and the euro is first and foremost an economic solution to a political problem, the reunification of Germany.

"Political interests overrode economic interests, and that is why EMU survived. Similarly, the political elite are not Philistines."

"They can and are putting larger political interests ahead of narrow economic interests. Yes, there are compromises, but an economic determinist explanation and forecast does not do the situation justice."

AUD/USD: bearish long term outlook; 0.8600?

AUD/USD is trading at 0.9343, up 0.03% on the day, having posted a daily high at 0.9354 and low at 0.9324.
Read more Previous

Looking for 200+ NFP’s - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained the US employment data will also most likely confirm what we already know, and if it does not, it will likely be shrugged off as a fluke.
Read more Next
Start livechat