Euro Stability at Risk as Far-Right Parties Gain Ground

The euro has been relatively stable following Germany's state elections, where the far-right AfD party won for the first time since World War II.

This development is a concern for the long-term stability of the single currency, as the AfD has stated its intention to quit the euro and restore ties with Russia.

In France, Marine Le Pen, the leader of the far-right party National Rally, is currently leading in presidential polls and has expressed criticism of the euro.

The eurozone could see a shift to the right in the coming years, which may have implications for FX traders and investors.

Meanwhile, in the US, markets are looking ahead to this week's CPI report, which will determine expectations for the next Federal Reserve rate decision on September 16th.