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Back Fundamental analysis
Dollar gains support on two fronts
The euro continued to slide yesterday, driven
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The euro continued to slide yesterday, driven more by politics than macro data: in recent regional elections in Germany, the opposition Alternative for Germany once again outpolled the ruling CDU, extending a string of heavy defeats for Chancellor Friedrich Merz's party. The rout in Mecklenburg?Western Pomerania — where the CDU took just 4.9% versus AfD's 38.2% — was the party's largest humiliation in its history. The market reaction was predictable: the euro sold off further against the dollar, and the pound followed suit before managing a small bounce. Additional
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Sell
Urgency
1 day
Analytic
Maxim Magdalinin
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