Daily News | Macron leads in France

Welcome once more to this week in global binary options trading. There are plenty of exciting news stories out there that most assuredly had an impact on the currency market this Tuesday, so let us dive right in! One of the main players today was the euro. From Friday to Monday, the currency rose significantly, from $1.0695 to $1.0857. This occurred right after the results of the French elections were known and Centrist Emmanuel Macron turned out to be in the lead. In fact, this was a five-month peak for the currency. Macron achieved a significant victory, as he is going to the second round of voting against far-right leader Marine Le Pen. This was so significant that MSCI’s gauge of stock indexes rose across the globe. We will have to see what will happen after the second round, but let us now look at the US dollar. In the same timeframe, the USD fell from €0.9349 to €0.9209. This dip of course occurred to the significant rise of the euro, while US stocks rode the same wave of relief that swept across Europe and Asian stock markets. This positive economic trend might continue, as pro-EU Macron is expected to win against Le Pen. Naturally, we will keep you informed in the future, so stick with us!

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