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Dollar dips as U.S. yields fall, German politics supports euro
Dollar Little Changed as Euro Sees Support from German Election Results
Euro Strengthens After German Election, but US Tariffs Cast Long Shadow
German stocks, led by defense manufacturers, saw strong gains after Friedrich Merz’s conservatives won the election. The euro strengthened above 1.05, but prolonged coalition talks
A key measure of euro-area pay growth eased at the end of 2024, supporting European Central Bank plans to keep cutting interest rates as inflation slows.
This season's Euro adventure, which finally saw a more mature Celtic on the big stage, must now be viewed as a platform for the club to build on. And what an opportunity to do so.
Asian shares slid on Tuesday amid concerns about U.S. investment curbs on China, while a run-up in the euro faded as investors wait for Germany to sort out the formation of its new government. Investors are also cautious ahead of results from artificial intelligence darling Nvidia on Wednesday,
Bulgaria, European Union and Protest
After reaching a multi-week high at the weekly opening, EUR/USD lost its traction and closed the day flat below 1.0500. The pair moves up and down in a very tight channel above 1.0450 as investors await key macroeconomic data releases.
Reports that the three German centrist parties are trying to lift the country's debt brake -- before the new parliament goes into effect -- has changed Deutsche Bank's view on the euro, as their strategists say they no longer are recommending shorting the shared currency,
The euro eased off highs from a brief rally on Monday as the focus shifted from the election victory of Germany's conservatives to how quickly a coalition government can be formed.Friedrich Merz was set to become Germany's next chancellor after his party emerged victorious in Sunday's election,
The US dollar remained under pressure on Tuesday (Feb 25), just off a two-month low against a basket of major currencies, hurt by a drop in US yields at a time when hopes of more spending in Germany are keeping eurozone rates elevated.
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