ForexLive Asia-Pacific FX news wrap: EUR/USD gain on German election, broader USD weakness ...Middle East

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Key Takeaways from Germany’s Election Impact:

CDU/CSU leads with 28.7% of the vote, while far-right AfD secured 19.8% (ZDF projection).Coalition talks begin, with fiscal reform prospects in focus.Market-friendly coalitions remain possible, including CDU-SPD-Greens.AfD underperformed expectations, easing investor concerns.

While this political uncertainty lingers, the euro outpaced most FX initially, before broader USD weakness lifted other currencies:

CHF surged to a two-month high.AUD, NZD, GBP, and CAD all gained.Swedish Crown touched a four-month high.SGD hit its strongest level since early November.KRW reached its highest since December 6.CNH (offshore yuan) climbed to late-November levels.USD/JPY dipped below 149.00, its strongest level since December 3, before stabilizing above.

Other Market Moves:

Oil prices remained sluggish, with Kurdistan resuming exports weighing on sentiment.US equity futures (ES, NQ) advanced, reflecting broader risk appetite. This article was written by Eamonn Sheridan at www.forexlive.com.

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