Euro backs off highs as German coalition talks eyed, dollar edges up

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NEW YORK :The euro pulled back from earlier highs on Monday after briefly rallying following the election victory of Germany's conservatives as the focus turned to how quickly a coalition government can be achieved.

Against the Japanese yen, the dollar was flat at149.29.Sterling weakened 0.07 per cent to $1.2621, losing ground after it had risen to a two-month high of $1.269.

This is technically a negative price action," said Chandler.The euro was up 0.1 per cent at $1.0468 after earlier reaching a one-month high of $1.0528.

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Category: EconomyBusiness

Markets: SingaporeCanadaGermanyJapanMexico

Topics: Euro Taken Election Highs Dollar Coalition Germany Cent Move York Monday

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Article Type: News Report

Published On: 2025-02-25 @ 00:31:01 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 19 lines

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