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France’s Ferrand: French budget deficit is likely to reach 3.4 % in 2019

In an interview with a Sunday newspaper Le Journal du Dimanche, French National Assembly President Richard Ferrand expressed his take on the French budget deficit, Reuters reports.

Key Headlines:

"We take the responsibility of having a higher-than-expected deficit, probably at 3.4 percent of the gross national product. But it will be a cyclical peak, not a structural trajectory." 

President Macron announced wage increases and a tax cut last week after riots.

Expected to take the deficit from what was projected to be 2.8% deficit.

Oil weak-footed, WTI hobbled beneath $51.50

Crude markets continue to trade towards the downside as investors remain unconvinced about impending OPEC+ production cuts as the US continues to over
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USD/CHF Technical Analysis: Falling wedge breakout confirmed, but key hurdle is yet to be scaled

Daily Chart Trend: Bullish USD/CHF Overview:     Today Last Price: 0.9979     Today Daily change: -1.0 pips     Today Daily change %: -0.0100
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