Friedrich Merz's CDU/CSU alliance confirmed that they will be looking to pair up with the SPD to form a more centrist coalition. And that is despite the latter's limp showing in the election. Both parties last governed together during the 2018 to 2021 period.
Going back to the EUR/USD chart, we're sort of back to where we were before the weekend.
That will at least keep discussions centered around 1.0500 for now. But a break of the near-term support region above will shift back the focus of a return to 1.0400 and settling back into the range we've been seeing since the turn of the year at least.
This article was written by Justin Low at www.forexlive.com. Read More Details
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