Euro rallies after Emmanuel Macron wins French election

The euro rallied to $1.1010 from $1.0998 in early forex trading in Asia on Monday. (Shutterstock)

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.

RELATED:

Emmanuel Macron elected next French president

World leaders react to Emmanuel Macron as France’s new president

Five things Arabs need to know about French President-Elect Emmanuel Macron

SHOW MORE
Last Update: Wednesday, 20 May 2020 KSA 09:49 - GMT 06:49
Top