Euro Hits High Marks against Yen, Dollar

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[European Central Bank]

Euro Hits High Marks against Yen, Dollar (Reuters)

Germany’s two major political parties have formed a grand coalition deal, boosting the euro to its best position against the yen in four years and a one-month peak against the U.S. dollar. “The news removed some political uncertainty and helped lift the euro,” said Omer Esiner, chief market analyst at Washington, D.C.-based Commonwealth Foreign Exchange. “While on a firm footing, the euro will likely struggle to add significantly to its current gains as investors remain worried about further monetary easing from the European Central Bank in the months ahead.”

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