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Dollar falls, euro gains after Merz elected German chancellor - REUTERS

MAY 07, 2025

By 


Summary

  • Markets growing nervous about absence of trade deals
  • Trade deficit widens to record $140.5 billion in March
  • Euro extends gains after Friedrich Merz elected German chancellor
  • Canadian dollar strengthens after PM Mark Carney says Canada is not for sale

NEW YORK, May 6 (Reuters) - The dollar fell broadly on Tuesday on worries that U.S. President Donald Trump's touted trade deals have yet to materialize, while the euro extended gains after the German parliament elected conservative leader Friedrich Merz as chancellor.
Investors are waiting for details on trade deals the Trump administration has said it is negotiating with other countries, including China. Trump indicated on Sunday that some deals would be announced this week.

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