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The euro-dollar exchange rate reached the highest since November on reports from France

The euro-dollar exchange rate peaked in November 2016, amid reports about the victory of the leader of movement "Forward," the former Minister of Economics of France Emmanuel Makron in the first round of the presidential elections in France, according to the auction.

24.Apr.17 9:10 AM
By Christina Orlina


The euro-dollar exchange rate reached the highest since November on reports from France
As at 00.18 GMT the euro against the dollar rose to 1,0892 the dollar with 1,0728 dollars per euro on the previous closing. Earlier in the trading pair has reached the level of 1,092 euros to the dollar, the highest level since November 11, 2016.

The dollar against the yen in the previous session rose to 110,38 yen per dollar with 109,10 yen. The dollar index (dollar to a basket of six currencies of countries — major U.S. trading partners) decreased by 0.99% to 98,99 points.

Macron took the lead on the French election, bypassing the party leader "national front" Marine Le pen, according to the official data of the interior Ministry, which is responsible for the organization and tabulation. According to 22.34 local time (22.34 MSK), after the counting of 26.1 million ballots (70%), Makron gets 23.11 per cent, Marine Le Pen — 23.08 percent.

Investors feared that the second round can go, Le Pen and the leader of the movement "Rebellious France," Jean-Luc Mélenchon. The plans of both candidates could exert influence on the General policy of the Eurozone. Some analysts and investors believe that the result of the first round could be the impetus to growth in appetite for european assets.

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