Euro rises to US dollar amid German election results

11:50 - 24.02.2025


February 24, Fineko/abc.az. The euro is actively rising against the US dollar on the news of the CDU/CSU bloc's victory in the German parliamentary elections and expectations of increased spending under the new government.

ABC.AZ reports that also this week, market participants are waiting for the publication of final data on inflation in the eurozone, a report on sales of new buildings in the U.S. and revised data on the growth of the American economy in the 4th quarter, as well as a significant number of European macroeconomic indicators, traditionally published on the last day of the month.