XE Market Analysis: North America – Sep 25, 2017

The euro has come under across-the-board pressure following the German election result, which has left Merkel in place as Chancellor but in a weakened position, heralding a lengthy period of coalition-building talks. The September German Ifo business confidence survey also underwhelmed. EUR-USD dove over 0.6% in logging a three-session low at 1.1881. EUR-JPY and other euro crosses also took a hit, but the dollar pairing bore the brunt with the buck itself a more attractive proposition following the hawkish guidance from the Fed last week.