The euro jumped to its highest level against the dollar since early 2015 on Friday after German lawmakers agreed on a coalition, more than three months after the country’s general election. The euro bought $1.2119, trading around its highest level since January three years ago. The shared currency bought $1.2034 late Thursday in New York. The pop came after reports Chancellor Angela Merkel’s conservative CDU party has reached an agreement with Martin Schulz’s center-left SPD to form a governing coalition. The Germans voted in a general election on Sept. 24, where Merkel’s party came out with the most votes, but fell short of an outright majority. Merkel first tried to form a coalition with the Greens and the FDP, but turned to the social democrats after those talks collapsed. The SPD was also in a coalition with the CDU in the previous government, but had vowed not to take on the role as junior partner again.
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