Early indicators show euro hitting four-week high after polls point to Macron win


  • World
  • Monday, 24 Apr 2017

Supporters of Emmanuel Macron, head of the political movement En Marche !, or Onwards !, and candidate for the 2017 French presidential election, react at the Parc des Expositions hall in Paris after early results in the first round of 2017 French presidential election, France, April 23, 2017. REUTERS/Philippe Wojazer

LONDON (Reuters) - The euro jumped to its highest since mid-November in early trading on Sunday, after early projections indicated that centrist Emmanuel Macron and far-right Marine Le Pen had made it to the second round of the French presidential election.

Markets had been worried that the far-left, eurosceptic Jean-Luc Melenchon, who had surged in the polls in recent weeks, could jump ahead of Macron to make it into the final runoff against Le Pen, giving voters a choice between two radical candidates who would threaten the future of the EU.

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