LONDON — The euro is climbing on Tuesday morning, passing above $1.10 for the first time since the day Emmanuel Macron won victory in the French presidential election.
ADVERTISEMENT
The euro has popped above $1.10 to a 6-month high
The euro is climbing on Tuesday morning, passing above $1.10 for the first time since the day Emmanuel Macron won victory in the French presidential election.
Following Macron's win, the single currency dropped for four consecutive days last week as investors turned away from the market positive news of a Macron presidency, and began to focus on other issues impacting the euro area.
Since Friday last week, however, the euro has rallied, and on Tuesday morning is higher by close to 0.4% against the dollar to trade back above 1.10, a level previously seen in November 2016.
Here is the chart as of 8.15 a.m. BST (3.15 a.m. ET):
ADVERTISEMENT
The rise comes ahead of the release of preliminary GDP growth data for the eurozone later on Tuesday morning, which is expected to show the bloc's economy growing at 0.5% in the first quarter of 2017.
and will look to reassess at 1.15,
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT