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Euro Rallies Against Dollar on Early Results of French Vote 1st Round

Sputnik International

The euro rose to its maximum against the dollar since November 2016 amid the early results of the first round of the French presidential election. 23.04.2017, Sputnik International

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Euro Rallies Against Dollar on Early Results of French Vote 1st Round

22:02 GMT 23.04.2017 (Updated: 11:20 GMT 05.03.2023)

A one euro coin is pictured on one US dollar notes - Sputnik International

The euro rose to its maximum against the dollar since November 2016 amid the early results of the first round of the French presidential election.

German Chancellor Angela Merkel, left, and government spokesman Steffen Seibert leave after Merkel's annual summer news conference in Berlin, Germany, Monday, Aug. 31, 2015 - Sputnik International

German Gov't Satisfied With Macron's Success in 1st Round of French Election

23 April 2017, 21:06 GMT

MOSCOW (Sputnik) — The euro rose to its maximum against the dollar since November 2016, as the early results of the first round of the French presidential election indicated that centrist Emmanuel Macron would make it to the run-off.

At 21:06 GMT the euro was trading at $1.0903, an improvement on the previous day's closing price of $1.0728 per euro. Earlier the euro went up to $1.092, the maximum value since November 11, 2016.

According to the latest data from the French Interior Ministry, Macron is leading in the first round, with far-right Marine Le Pen closely behind. The two are likely to face each other in the run-off scheduled for May 7.