Jinshi Data News on February 24th, as traders digest the results of the German election, the euro rose against other currencies in the early Asian session. The global economic and market research team at the Commonwealth Bank of Australia (CBA) stated in a research report that based on exit polls and early vote counting, the CDU won about 29% of the votes and may lead a coalition government. 'However, it is currently unclear whether a coalition government will require two or three parties.' The team also said that market participants may closely follow whether the German government will ultimately agree to reform the 'debt brake' to support economic recovery. The euro against the US dollar EUR/USD broke through 1.05, rising 0.39% intraday.
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Market follow Germany whether to reform the "debt brake" mechanism
Jinshi Data News on February 24th, as traders digest the results of the German election, the euro rose against other currencies in the early Asian session. The global economic and market research team at the Commonwealth Bank of Australia (CBA) stated in a research report that based on exit polls and early vote counting, the CDU won about 29% of the votes and may lead a coalition government. 'However, it is currently unclear whether a coalition government will require two or three parties.' The team also said that market participants may closely follow whether the German government will ultimately agree to reform the 'debt brake' to support economic recovery. The euro against the US dollar EUR/USD broke through 1.05, rising 0.39% intraday.