Euro pauses after surge

Euro pauses after surge

On Tuesday, the common currency declined, catching its breath after a relief soar sparked by the first round outcome of the French election, while the Canadian dollar edged down on news of American duties on Canadian softwood lumber.

The euro sagged 0.1%, hitting $1.0860, off Monday's high of $1.0940, its highest value since November 10, after centrist Emmanuel Macron managed to win the first round of the French presidential elections.

Surveys show that Macron defeating anti-EU, anti-euro nationalist Marine Le Pen will take part in the runoff vote next month.

The common currency will probably demonstrate resilience considering the low probability of Le Pen winning the second round vote on May 7.

However, the near term revenues will be limited in the wake of the euro’s short-covering surge.

Surveys point out that the business-friendly Macron might grasp 61% of the vote against Le Pen after two defeated counterparts promised to back him to withstand her eurosceptic as well as anti-immigrant platform.


Yen slips in Asia

On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…

Latest news

Greenback edges down

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…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera