FOREX-Dollar firms vs euro with French election in focus

Dollar holds steady vs. rivals ahead of French presidential voteInvesting.com - The dollar was almost unchanged against other major currencies on Friday, as investors turned their attention to the first round of the French presidential election after . Market participants were eyeing the first round of the French presidential election due on Sunday, as recent polls have forecast the most likely outcome to be . Sentiment on the U.S. dollar was also fragile following the release on Thursday of disappointing data on and . A French policeman was shot dead and two others were wounded in central Paris on Thursday night in an attack claimed by the Islamic State militant group. held steady at 1.0714, off the previous session's nearly one-month peak of 1.0721.


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Euro soars in Asia on French election outcome, Macron support

EUR/USD jumped 1.33% to 1.0871 after hitting five-month highs overnight on the French election outcome with Macron expected to win the election on May 7 after defeated rivals offered him support. Investing.com -Investing.com - The euro soared on Monday in Asia after an expected and welcomed outcome for the elections in France that led to a runoff between centrist Emmanuel Macron and far-right leader Marine Le Pen. In the week ahead, political developments in France ahead of the May 7 second round of the presidential polls will set the tone for the euro ahead of Thursday's European Central Bank meeting and Friday's euro zone inflation data. Last week, the dollar slid against the yen and the Swiss franc late Friday as investors moved into safe haven assets ahead of the first round of voting in a tight French presidential election race. Polls indicated that centrist Emmanuel Macron was clinging to a narrow lead ahead of the first round of voting in France's presidential election on Sunday, in a four-way race that is too close to call.




The dollar index, which tracks the U.S. currency against a basket of six major rivals, was up 0.14 percent at 99.913. The euro was down 0.14 percent against the dollar at $1.0699, off the session low of $1.0683. The common currency was 0.33 percent lower against the yen and down 0.27 percent against the Swiss franc. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Editing by David Gregorio) ((saqib.ahmed@thomsonreuters.com; @SaqibReports; +1-646-223-6054; Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net)) Keywords: GLOBAL FOREX/ (UPDATE 5) You have people keeping the powder dry ahead of Sunday," said Karl Schamotta, director of global product and market strategy at CambridgeGlobal Payments in Toronto.


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