ForexLive morning news wrap: German election result casts a shadow over the euro

Forex news for the European morning trading session 25 Sept 2017

News:

  • Japan’s Abe to dissolve parliament on 28 Sept
  • Japan’s Abe to dissolve parliament’s lower house on 28 Sept says Kyodo
  • Japan’s Abe says he will seek a JPY 2trln economic package
  • IFO says Germany can not rule out new election
  • Germany’s FDP say they are prepared for coalition negotiations
  • EURGBP sliding as European desks evaluate German election fallout
  • New Zealand election — recap
  • NZD slides further
  • ECB’s Mersch says «overriding» priority is price stability
  • Kuroda says by aiming for 2% price target the BOJ can contribute to long-term FX stability
  • More from Kuroda: BOJ will continue to carefully watch FX moves
  • More from Kuroda (2): Clearly premature to review BOJ monetary policy or discuss exit strategy
  • BOE PRA to set extra capital requirements on a bank-by-bank basis
  • France to announce EUR 58bln of investments over next 5 years
  • BP say OPEC needs to extend output cuts beyond Q1 2018 to achieve rebalancing
  • China will focus on lowering leverage ratios among state-owned firms to reduce debt risks
  • Japan’s economy is on moderate recovery still
  • Forex option contract expiries for today 25 Sept
  • USDCAD slides as oil prices rally
  • Trading ideas for the European session 25 Sept
  • Nikkei 225 closes up 0.5% at 20,397.58
  • ForexLive Asia FX news wrap: German and NZ elections — Japan next?

Data:

  • Germany Sept IFO business climate 115.2 vs 116.00 exp
  • Japan July leading index CI final 105.2 vs 105.00 exp

A busy enough session to start the week as the euro reverberates to the sound of the German election uncertainty.

More summary to follow.

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