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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Euro Gains Respite from Macron's French Election Lead

Euro currency bills are pictured at the Croatian National Bank in Zagreb, Croatia, May 21, 2019. Picture taken May 21, 2019. REUTERS/Antonio Bronic

FOREX-Euro gains respite from Macron's French election lead The euro looked set to snap a seven-day losing streak versus the dollar on Monday, as the single currency rallied after French leader Emmanuel Macron beat far right challenger Marine Le Pen in the country's first round of presidential voting.

Investor concerns about the future direction of the euro zone's second-biggest economy have weighed on the euro and added to worries over the economic costs of war in Ukraine.

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