TOKYO: The euro slipped on Monday after German Chancellor Angela Merkel won a fourth term in a weekend election, but faced leading a much less stable coalition in a fractured parliament as support for the far-right party surged. "The market reacted by selling the euro on the possibility of Merkel running into difficulties in forging a coalition. The euro, however, was already losing support from the European Central Bank's monetary policy theme and appeared to be on its way lower," said Daisuke Karakama, chief market economist at Mizuho Bank in Tokyo. "The election outcome in Germany showed the country was no longer a special presence in Europe amid growing support for populism and the far right. [O/R]Brent crude futures was up 0.05 percent at $56.88 a barrel, not far from a 6-1/2-month high of $56.91 set on Friday.

Source: The Star September 25, 2017 00:56 UTC