The euro held steady versus the dollar on Monday, failing to gain much momentum after a general election in Germany left Angela Merkel’s conservatives just short of the votes needed to rule on their own.
The euro last traded near $1.3525, little changed from late U.S. trade on Friday and off an intraday high of $1.3555 set early in the Asian session on Monday.
Although Merkel led her conservatives to their strongest election result in over two decades, the election outcome means she will be forced to seek a coalition partner.
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