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Back Fundamental analysis
The Sharp Decline of the US Dollar Is Obvious
The euro and the pound strengthened
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The euro and the pound strengthened during the Asian session, updating last week's highs, indicating renewed demand for risk assets. The euro saw a surge in buying immediately after the market opened, following the victory of German opposition leader Friedrich Merz in Sunday's federal elections, aligning with public opinion polls.Against this backdrop, the euro strengthened against nearly all its G10 peers, rising 0.7% against the US dollar.Market participants anticipate that Merz's government will bring an end to the era of
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Jakub Novak,
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