Market News
Euro retreats from highs as German coalition talks eyed, dollar dips - REUTERS
Summary
- Euro pares early gains in wake of German election results
- Dollar briefly falls to lowest in two months on U.S. growth concerns
- U.S. inflation data, host of Fed speakers, expected this week
NEW YORK, Feb 24 (Reuters) - 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, as expected, but coalition talks may be difficult and he could face an obstructive parliament after both far-right and far-left parties surged