Daily Briefing: - A look ahead at Spain’s tightly contested national elections on Sunday - Macron sets out tax cut plans and promises further reforms - All eyes on dollar ahead of U.S. GDP figures
, with those yearning for a more traditionalist, nationalist country eager to preserve his legacy.
Emmanuel Macron doesn't often give news conferences, but when he does, make sure you have got nothing planned for your evening. The French president took questionslast night as he set out plans including five billion euros of tax cuts and promised further reforms to assuage the anger of the"yellow vests".
The euro, which is off around 1 percent for the week at $1.1133, could well test $1.10 if GDP surpasses expectations while emerging markets must brace for a torrid time. Against a basket of currencies, the dollar was 0.8 percent firmer for the week so far at 98.145, having touched its highest since May 2017.
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