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On Monday, the common currency managed to scale five-month peaks against the greenback in early Asia trade after the key candidate swept to victory in the first round of the French presidential election, thus minimizing the risk of an anti-establishment shock of the final round.
A pro-EU ex-banker and ex-economy minister Centrist Emmanuel Macron, arose as the leader of the first round of voting, thus qualifying for a May 7 runoff along with Marine Le Pen, the second finisher, far-right leader.
In next month’s election his victory might make him the frontrunner. Undoubtedly, it marked a shocking defeat for the two center-right as well as center-left groupings, which have dominated French politics for up to 60 years.
The common currency soared 0.9%, hitting $1.0868, having ascended as high as $1.0940, its highest value since November 10. Against the Japanese yen, it grew 2.3% to 119.66, having touched a one-month peak of 120.935.
On Friday, the evergreen buck slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week…
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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