Euro retraces from gains after Macron's election

The euro retraced from its gains, after having appreciated to its highest areas throughout a multi-month interval, as the market discounted the predictions that Emmanuel Macron was to become the president of France in yesterday's second round election.

Euro and dollar to 1.0979

The EUR/USD traded to 1.0979 falling 0.17%. The election of Macron signaled a minimization of political risk, following the previous unexpected results where Trump entered the White House and the Brexit took over.

The USD/JPY pair approached the 112.65 zone, and the EUR/JPY traded to 123.50 declining 0.38%. The U.S. dollar index approached the 98.63 area rising 0.22%.

The U.S. economy introduced last month 211,000 jobs, being overshadowed by Sunday's French election, surpassing the estimations for a gain of 185,000. The U.S. average hourly earnings in April climbed 0.3%.

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