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Foreign exchange market: Emmanuel Macron's re-election boosts the euro

25/04/2022
Categories: Economy/Forex

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The euro rises Sunday night against the dollar after the re-election of Emmanuel Macron. Emmanuel Macron was re-elected Sunday to the presidency of the Republic with about 58% of the vote against Marine Le Pen (about 42%) according to the first estimates, a clear victory tempered by the unprecedented score of the extreme right and a high abstention (28%).

The euro was rising and other major currencies after Emmanuel Macron's re-election as French president, with foreign exchange traders betting on a strengthening of the EU. Around 19:10 GMT (21:10 CET), in the first hours of trading on Monday in Asia and Australia, the single currency took 0.48% to 1.0842 dollar.

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