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WorldPosted at: Apr 24 2017 6:22AM


Euro pops to 5-month high vs dollar on French election relief

TOKYO, April 24 (Reuters) - The euro scaled five-month highs against the dollar in early Asian trading on Monday after the centrist candidate swept to victory in the first round of the French presidential election, reducing the risk of an anti-establishment shock in the final round.
Centrist Emmanuel Macron, a pro-EU ex-banker and former economy minister, emerged as the leader of the first round of voting and qualified for a May 7 runoff alongside the second finisher, far-right leader Marine Le Pen.
His victory makes him the frontrunner in next month's election, and marked a huge defeat for the two centre-right and centre-left groupings that have dominated French politics for 60 years.
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