Euro Falls As Le Pen Gains In French Polls
March 17 2017 - 03:39AM
RTTF2
The euro drifted lower against its major counterparts in the
European session on Friday, after a survey showed growing support
for the anti-euro candidate Marine Le Pen in the first round of
French Presidential election on April 23.
The latest Opinionway poll showed Le Pen beating Emmanuel Macron
by 28 percent - 25 percent of votes in the first round of
election.
The support for the Front National leader has surged ahead by
one percentage points in the second round, although the centrist
candidate is tipped to win by 59-41 percent of votes.
The euro dropped to 1.0732 against the greenback and 121.42
against the yen, from its early 1-1/2-month high of 1.0782 and a
3-day high of 122.25, respectively.
The euro slipped to 1.5296 against the kiwi and 1.3954 against
the aussie, off its early 4-day high of 1.5440 and a 3-day high of
1.4055, respectively.
The euro was trading lower at 0.8684 against the pound, compared
to an early high of 0.8737.
Pulling away from early highs of 1.4368 against the loonie and
1.0742 against the franc, the euro weakened to 1.4314 and 1.0697,
respectively.
The next possible support for the euro may be seen around 1.06
against the greenback, 120.00 against the yen, 0.85 against the
pound, 1.06 against the franc, 1.42 against the loonie, 1.38
against the aussie and 1.51 against the kiwi.
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