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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 01/Jul 11:43

Euro gains as Far Right dominates French elections

EURUSD gained 0.50% and jumped to a more than two-week high near 1.0770 in Monday’s European trading. The major currency pair strengthened as initial results of the first round of France’s parliamentary elections on Sunday showed that Marine Le Pen’s far-right National Rally is in a comfortable position, but with a smaller margin than projected and a significant correction in the US Dollar. The uncertainty over RN gaining an absolute majority has significantly improved the Euro’s appeal. “We might actually get less fears of more expansionary and unsustainable fiscal policy if the far-right party did a little bit worse,” said

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