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Euro rallies after Emmanuel Macron wins French election

Published: Updated:

The euro rallied to $1.1010 from $1.0998 in early forex trading in Asia on Monday after pro-European centrist Emmanuel Macron won the French presidency, scoring a resounding victory over far-right rival Marine Le Pen.

The 39-year-old's victory effectively eliminates any risk of France leaving the single currency bloc, although markets had largely priced in Le Pen's defeat after polls consistently showed Macron well in front.

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