Germany's Seehofer: party isn't seeking to break Germany's coalition

Joshua Gibson FXStreet

Germany's Interior Minister Horst Seehofer is hitting wires with comments meant to cool off concerns that divisions within Germany's ruling coalition are continuing to widen.

Seehofer, the leader of the Christian Social Union, the political party that is the other side of Angela Merkel's political coalition, made a point of stating that he is in no way looking to break up the current coalition government, nor does Seehofer have any wish to oust current German Chancellor Merkel from her position. Seehofer also noted that his party is actively seeking a solution to the current immigration dispute within the coalition, and he's hopeful and optimistic that a resolution will be reached quickly.

On Tuesday Germany's Finance Minister delivered some glum lines to the German press, stating that he "doesn't exclude" the possibility that the two parties will reach a consensus over the current immigration issue, a negative-toned delivery that sent market speculation of a possible break-up of Germany's current coalition rising through the day and adding tensions to markets that were already decidedly tense.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

GBP/USD moves away from multi-week top as Hormuz risks support the Dollar

The GBP/USD pair edges lower at the start of a new week and moves further away from an over three-week high, or levels just above the 1.3500 psychological mark touched on Friday.

EUR/USD consolidates below 1.1600 amid Mideast tensions

EUR/USD kicks off the new week on a subdued note and trades below 1.1600 in the European morning on Monday, well within striking distance of a fresh high since June 17, touched in reaction to the disappointing US jobs data on Friday.

Gold appears 'buy-the-dip' trade before the US inflation test

Gold is moving further away from seven-week highs of $4,372 early Monday, approaching $4,300. The US Dollar recovers from the post-US NFP slump amid renewed Hormuz risks. Gold remains a ‘buy-the-dip’ trade on the daily chart ahead of the US CPI data

Cardano: Bulls eye a second leg higher as whales buy

Cardano trades above $0.196 at the start of the week after posting double-digit gains over the past two weeks. ADA’s bullish price action is supported by steady whale accumulation. Meanwhile, derivatives sentiment is showing a slight bullish tilt, suggesting a second leg higher for ADA.

The hottest trade of 2026 has a problem

The carry trade has been one of the biggest winners of the year, helped by low volatility, wide interest-rate gaps, and a relatively stable dollar. But now, parts of that setup are starting to crack.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.