The euro jumped higher on a relief rally after Angela Merkel managed to avoid a breakup of her coalition government that arose due to her Interior Minister Horst Seehofer disagreeing with a Migration Policy that was struck at the recent EU Summit. Merkel’s deal calls for setting up holding centers at the German border for refugees already registered in other European Union countries. Seehofer seems to have reached a compromise with the Chancellor. EURUSD traded above $1.1650 earlier this morning.
Nervousness in China
Daily Analysis - 03/07/2018