Deutsche Bank: German election not a big deal for the euro

On February 24, Ulrich Leuchtmann, a currency analyst at Commerzbank, said in a report that the euro pumped after the German federal election on Sunday, but the election results were not a big deal for the currency market. He said that pre-election opinion polls showed that a coalition between the CDU/CSU coalition and the Social Democrats looked viable. “Any positive for the euro is quite surprising and suggests that the Forex market is still worried about a disruptive outcome,” he said. "A weaker dollar has also helped the euro.

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