(Bloomberg) -- Nicolas Sarkozy's French Presidential win will propel the euro to a record because his employment policies will aide growth in Europe's third-biggest economy, said Sue Trinh, currency strategist at RBC Capital Markets.
Sarkozy, who won an election yesterday against his Socialist opponent Segolene Royal, has pledged to cut taxes, ease firing procedures and reduce the number of civil servants. The euro rose to a record against the dollar in April and versus the yen this month as quickening economic growth across Europe prompted the European Central Bank to signal higher interest rates.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment