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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.
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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…
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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