Euro Rises After German Conservative Victory, Dollar Weakens

Reported about 8 hours ago

The euro strengthened following the expected victory of Germany's opposition conservatives in the national election, while the dollar continued to decline amid concerns over the U.S. economy's growth outlook. Friedrich Merz is set to become chancellor, but faces challenging coalition negotiations after the far-right Alternative for Germany party gained significant ground. Meanwhile, the dollar index fell as U.S. Treasury yields dropped, contributing to the dollar's weakening against other currencies.

Source: YAHOO

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