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February 21, 2025

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.

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