The euro exchange rate rose on Monday following the victory of opposition conservatives in Germany in the parliamentary elections, as expected. Experts predicted that the victory of conservatives will impact the euro exchange rate, and this indeed happened.
According to financial analysts, the victory of conservatives in Germany may lead to a strengthening of the euro in the global currency market. Political stability in the major economy of the eurozone contributes to increased confidence in the euro.
"The victory of conservatives in Germany signals stability in the economy of the country, which, in turn, supports the euro," noted the financial analyst.
Experts recommend watching the dynamics of the euro exchange rate in the near future, as political events may significantly affect financial markets and currency rates.
