Economic news

Review: Euro falls on German election results

The euro dipped on Monday after German Chancellor Angela Merkel won a fourth term with a smaller share of the vote and probably would face difficulties in forming a new coalition.

The single currency slipped 0.2 percent to $1.1933, pulling back from a 2-1/2-year peak of $1.2092 touched on Sept. 8.

The dollar index was up 0.1 percent at 92.257. The greenback rose 0.2 percent to 112.260 yen.

The pound increased 0.3 percent to $1.3544 after falling 0.6 percent on Friday.

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  • avatar-6228
    George Jk
    • #

    Politics will weigh on currencies this week. In addition, investors should focus on the tension between the US and North Korea.

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