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EURO & DAX30 falls dramatically as Merkel Fails to Form a New German Government
Merkel Fails to Form a New German Government.
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The euro fell as coalition talks came to a dramatic end on Sunday.
Disputes over migration led the Free Democratic party to end negotiations with Merkel’s party, the Christian Democratic Union of Germany.
The euro fell as much as 0.6% in the wake of the deadlock. Meanwhile, Germany’s DAX 30 touched a seven week low.
Investors could become increasingly concerned in the event of a repeat election, as the right-wing “Alternative for Germany” party could gain increased support.
Will the euro retreat further or rebound as the trading day continues?
