German Chancellor Angela Merkel took a big step towards a fourth term, after the Social Democrats supported coalition talks with Christian Democratic Union. Meanwhile, the US government entered a partial shutdown over the weekend. Stephen assesses markets reactions to these political factors, contrasting them against the primary drivers for the euro and the US dollar.

<p>German Chancellor Angela Merkel took a big step towards a fourth term, after the Social Democrats supported coalition talks with Christian Democratic Union. Meanwhile, the US government entered a partial shutdown over the weekend. Stephen assesses markets reactions to these political factors, contrasting them against the primary drivers for the euro and the US dollar.</p>

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