What a way for the EUR/USD pair to close April! The common currency surged to fresh 2017, gapping around 200 pips on Sunday, amid the result of the first round of the French presidential election. Centrist Emmanuel Macron and populist candidate Marine Le Pen advanced to the second round of the French presidential election, with the first leading with 23.7 and Le Pen pulling in 21.7%. The two of them will now confront on the second round, next May 7, and polls show that Mr. Macron has solid chances of winning. The common currency rallied on relief as Le Pen is seen by investors as a synonym of “Frexit.”
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