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On Monday, the euro drifted away from peaks reached in the Asian session because market participants took profits from its revenues after centrist Emmanuel Macron's win over the far-right Marine Le Pen in France's presidential election.
Macron's defeat of a nationalist nominee who had unveiled here intention to take France out of the European Union brought the long-awaited relief to market participants who had feared another populist shake after the UK’s vote to exit the EU as well as Trump's election to president the previous year.
Macron's margin of win turned to be larger than previously expected. Well, with most votes counted, Macron had garnered approximately 65.5% versus Le Pen's 34.5% - a wider gap than the 20%, suggested by pre-election polls.
The common currency had been on an ascending trend in the days ahead of the election because market participants started positioning for a Macron win.
In early Asia trade the euro grew to $1.1024 versus the greenback, its highest value since November 9. Against the Japanese yen the euro leapt to a one-year high of 124.58 yen.
On Monday, the evergreen buck traditionally viewed as a safe-haven asset, went down in Asia after tension with China strengthened against the backdrop of everlasting worries surrounding Chinese technology company Huawei Technology…
On Monday, the prices of key crypto assets managed to surge in Asia due to the fact a Winklevoss-backed crypto exchange is braced for trading Bitcoin Cash, while Venezuela told that it would trade crude via its digital coin…
On Friday, the evergreen buck declined versus its major counterparts because dismal jobs report did little to affect expectations the key US bank might rein in rate lifts…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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