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Euro SURGES After Anti-EU ‘Nightmare Scenario’ in French Election Averted

  • Euro SURGES After Anti-EU ‘Nightmare Scenario’ in French Election Averted
    THE euro surged to a six-month high following the first round of the French presidential election as the markets shook off fears of two anti-European Union candidates making the run-off.

    The common currency surged two per cent against the dollar as centrist Emmanuel Macron and anti-EU Front National leader Marine Le Pen came appeared to come first and second respectively, according to exit polls.

    There were fears among investors of a “nightmare” scenario where Ms Le Pen and hard-left communist-endorsed Jean-luc Mélenchon, both anti-Brussels, would reach the second round of the election following a late surge in support for Mr Mélenchon.

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April 24, 2017 - Posted by | Economics, GeoPolitics | , , ,

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