The euro is slightly weaker against the dollar this morning. This week, the pair could be impacted by the central bank meetings, economic data and any news during the lead up to the German election, which is due to take place this Sunday, September 26.
It’s expected that they will be no clear winner in the upcoming election and a coalition could take months to form, with Chancellor Angela Merkel adopting a ‘caretaker’ role during this period.
The European Central Bank will hold its non-monetary policy meeting on Wednesday. This will be followed by consumer confidence figures and flash PMI data on Thursday.
