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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 25/Feb 14:00

Euro pressure as investors look to German coalition talks

The EURUSD currency pair trades cautiously above the key support of 1.0450 on Tuesday as investors await the outcome of the victorious Frederich Merz-led-conservatives’ negotiations with other parties to form a coalition government. The leader of the Christian Democratic Union (CDU) – likely Germany’s next Chancellor – is expected to face heated negotiations to fulfill his economic agenda of loosening the ‘debt brake’ rule to increase the limit of the budget deficit, which is currently 0.35% of the gross domestic product (GDP). The most likely scenario is the conservatives forming a coalition government with the Social Democratic Party (SPD) of

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