The main event today was market reactions to news on Sunday that talks to form a new coalition government in Germany had collapsed. The euro initially dove before rebounding, tracking German stock markets higher as markets fine tuned their response to the shifting political landscape in Germany following the collapse of coalition talks on Sunday. EUD-USD stormed back to near net unchanged levels around 1.1780 after diving by over 0.5% in making a low at 1.1722 during early trade in Asia as markets initially reacted to the news.
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