This weekend there was another parliamentary election in Europe, this time in Germany, where the party headed by Chancellor Angela Merkel won with 33% of the vote. This weekend there were also elections in New Zealand, which adversely affected the New Zealand dollar rate. During the Asian session, the Euro also weakened and is currently trading near the 1.19 mark against the US dollar. Today at 16.00 (GMT +3) we are waiting for the speech of ECB President Mario Draghi. Against the backdrop of political news, it is unlikely that the speech will be able to provide much support for the single currency.
The squabble between the United States and North Korea continues to exert pressure on world markets and makes the Japanese Yen a safe haven. This week we also expect a number of macroeconomic indicators for the United States, Canada and Great Britain. The mood of investors is leaning towards a strengthening of the dollar, which can help us in this trading week.
