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

Bank of England speakers Monday: Deputy Governors Lombardelli & Ramsden plus DhingraChina developers are buying land at up to a 20% premium - dipping a toe back in the marketNew Zealand data - January credit card spending +1.3% y/y (prior -1.3%)Goldman Sachs stays bullish on China’s A-Shares and H-SharesUBS forecasts AI stock volatility but still overall strong returnsUpdating the USD 'battle of the trendlines'COSCO shares slump 8% on Trump's fee proposalPBOC sets USD/ CNY reference rate for today at 7.1717 (vs. estimate at 7.2495)China to deepen rural reforms further, move to accelerate rural revitalizationPBOC is expected to set the USD/CNY reference rate at 7.2495 – Reuters estimateTD warn of more Bank of England rate cuts than the marekt expects - to weigh on GBPBank of Japan not too worried about grind higher in JGB yields - only if there's a spikeAndrew Bayly has resigned. Its cool, its NOT the Bank of England Governor Andrew Bailey.ECB's Escriva says no pre-established future path for interest rates, “meeting to meeting”Elon Musk Slams Government StandardsWeekend Fedspeak - Goolsbee shrugged off 3 decade high in inflation expectations dataWeekend news - Iraq and Kurdistan resume oil exports after a two-year haltNew Zealand Q4 retail sales +0.9% q/q (vs. +0.6% expected)Germany election - Complicated coalition negotiations ahead - economic outcome scenariosECB's Villeroy says the Bank may reduce its deposit rate to 2% by summerEuro rises in early Asian trade after German conservatives win electionTrade ideas thread - Monday, 24 February, insightful charts, technical analysis, ideasMonday morning open levels - indicative forex prices - 24 February 2025Here is the TD data center note that has everyone buzzingIs AMD stock a buy? A buyTheDip consideration at ForexLive.comNVDA earnings report is coming & many are still wondering about DeepSeekWeekly Market Outlook (24-28 February)Video: How everything could go right for the Canadian dollarBitcoin or Ethereum?Forexlive Americas FX news wrap: Stocks take a nosedive, inflation expectations jump

EUR/USD opened higher in early Asia, buoyed by German election results, though gains stalled above 1.0520, near a one-month high.

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 FX markets adjust to post-election uncertainties, investors are closely watching coalition developments and potential policy shifts in Germany.

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.

Hence then, the article about forexlive asia pacific fx news wrap eur usd gain on german election broader usd weakness was published today ( Monday 24/02/2025 - 07:06 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive Asia-Pacific FX news wrap: EUR/USD gain on German election, broader USD weakness )

Last updated : 24 February 2025 clock 07:06 AM

Also on site :

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

We’ve Truly Entered Trump’s “Mad King” Era

Trump sues Chase, Jamie Dimon

Portillo's teases new launch with cryptic social media post

Sale closed in Pleasanton: $1.6 million for a four-bedroom home

Mayor Jacob Frey Calls Arrest of Church Raid Organizer ‘A Gross Abuse of Power’

Welcome to the ‘skills mismatch economy’: The shift from roles to skills making your résumé—and your job title—meaningless

Why Democrats Fought the ICE Funding Bill—and Why It Passed Anyway

Brighton shoe shop could close

CPR Foundation Reinforces Growing Presence with Inaugural Charity Golf Tournament in Florida

Vance says Minneapolis will be 'less chaotic' if local officials cooperate more with ICE

Son-in-law of opposition figure Edmundo Gonzalez released in Venezuela

'Like my son' - Unai Emery laughs off bizarre bust-up after Aston Villa win

Driver arrested in deadly Denver hit-and-run was going 100 mph on Kalamath, affidavit says

Millions brace for -50 windchills, over a foot of snow and ‘crippling’ ice: Winter storm by the numbers

Pasadena Chorale to celebrate Black American composers with free show