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EUR/USD slips as markets reassess German election result
The fall in the DAX on the opening a short while ago has now seen the German index fall back a bit more and drop close to the 22,300 mark. That relapse after the higher opening has not been lost on the EUR/USD. That has dropped to 1.0470 a moment ago and most likely for the same reasons that sent the DAX back from its opening highs. The drop back in the EUR/USD has rather dented the outlook this morning and certainly taken the shine off for the time being. As already noted here many times this morning, the German election might have avoided the worst possible result for the markets and the Euro, but it has left a good degree of uncertainty over what comes next. The EUR/USD appears to be suffering from that uncertainty right now, currently trading at 1.0480
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