Euro’s Advance Signal Relief at French Vote Though Risk Remains

Euro’s Advance Signal Relief at French Vote Though Risk Remains

(Bloomberg) —

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Emmanuel Macron’s bigger-than-expected lead in the first round of French presidential elections brought immediate relief to markets worried over a victory for his nationalist rival Marine Le Pen.

The euro rose in Asian trading as foreign-exchange markets opened for the week, after early estimates showed Macron had a vote share of almost 29%. That was good news for investors, who had feared a closer contest and a support surge for his rival. Euro Stoxx…


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