FRENCH VOTE BOOSTS EURO $0.02

Finweek English Edition - - THE WEEK -

The euro leapt two full cents against the US dol­lar in early trad­ing on 24 April as in­vestors pre­dicted that their pre­ferred French pres­i­den­tial can­di­date, Em­manuel Macron, was likely to beat far right-wing ad­ver­sary Marine Le Pen in the coun­try’s up­com­ing sec­ond-round vote. This pushed the euro above $1.09 for the first time in five months, ft.com re­ported. Macron, who sup­ports the open-mar­ket sys­tem and has lob­bied for France to re­main a mem­ber of the EU, took the bulk of the 23 April first-round vote. Fol­low­ing the vot­ing results, the euro also made gains against other ma­jor cur­ren­cies, in­clud­ing the Ja­panese yen and the Bri­tish pound.

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