Greek uncertainty might boost safe haven assets – FXStreet

FXStreet (Barcelona) - FXStreet Editor and Analyst, Omkar Godbole, shares that with the new anti-austerity coalition government formed in Greece, the concerns for any Greek contagion will likely aid safe haven assets to rise.

Key Quotes

“Tensions in Greece may escalate - Global markets are likely to be jittery after the victorious leftist Syriza party in Greece formed a coalition government with an unlikely ally: the right-wing Independent Greeks party – also anti-austerity. The victorious party has already made it clear that Greece’s debt is unsustainable and cannot be paid back, while the IMF's managing director, Christine Lagarde, ruled out special treatment for Greece's debt situation. Thus, safe haven assets are likely to rise as all eyes are on the party's unlikely coalition and what this could mean for its radical policies.”