EUR/USD Gains Momentum Ahead of German Elections
The Euro to US Dollar (EUR/USD) pair is witnessing increased activity as the German elections approach. As of February 17, polling data shows the CDU/CSU leading with 30%, followed by AfD at 21%, SPD at 16%, and Greens at 13%, while smaller parties hover around 5%. Amid a broader pullback of the US Dollar, EUR/USD has shown signs of recovery and is drifting higher in the current trading session. Market participants should observe how the electoral outcomes may influence the reality of EUR/USD in the near term.