XE Market Analysis: Euro Slumps as Angela Merkel Scrapes by Into Fourth Term

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OVERVIEW

  • Sterling opened lower today after Moody’s downgraded the UK’s sovereign rating late on Friday.
  • The Euro is firmly on the backfoot after the German election results over the weekend. 
  • FED member Dudley says US economy is in a pretty good place. 
  • Kiwi elections fail to produce a majority, so coalition negotiations are set to begin. 

HIGHLIGHT