Market eyes German elections
MARKET NEWS
BONN -- The FX market is keeping a close eye on developments in the run-up to the German election this Sunday (September 22).
The choice for Chancellor is a two-horse race between incumbent Gerhard Schroeder and Edmund Stoiber, the challenger, currently premier of the state of Bavaria.
Stoiber made the early running as Schroeder’s campaign lurched some way behind, but analysts are now predicting a close call.
"Because the election has been so close, the market is not sure which way it will go,"
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