Market sentiment in Asia Monday is lifted by the landslide victory of Emmanuel Macron in the second and final round of the French presidential election. EURUSD opened higher, rising to a new 6-month high of 1.1022, before reversing the gains. The pair is currently trading around 1.096. Shares in Asia were modestly firmer, partly reflecting the better sentiment on dissipation of Frexit concerns, partly reacting to the better-than-expected US payrolls report released last Friday.
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Victory of Pro-EU Macron Lifted Market Confidence
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