Greenback soars as financial markets digest weekend events

Greenback soars as financial markets digest weekend events

On Monday, the evergreen buck tacked on versus other key currencies because financial markets were reviving from the weekend's elections in New Zealand and Germany. At the same time worries over tensions between North Korea and America seemed to relieve.

The currency pair EUR/USD slumped 0.24% being worth 1.1927. It’s because on Sunday Germany's federal election demonstrated surging support for a far-right party.

On Sunday, chancellor Angela Merkel grasped a fourth term in office. However, she requires building a coalition to create a government as Conservatives were deprived of support in the face of a sudden ascend by the anti-immigration Alternative for Germany or AfD for short.

The currency pair GBP/USD gained 0.13% hitting 1.3550, reviving from moderate losses reported on Friday after British Prime Minister Theresa May provided just few fresh indications on how Brexit is going to proceed.

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