FOREX TradingCharts.com

Forex News: Dollar Sinks Against Euro On French Election Results

Dollar Sinks Against Euro On French Election Results

04/24/2017 - 13:48:00 (RTTNews)

(RTTNews) - The dollar is down sharply against the Euro Monday afternoon, but is up slightly against both the British pound and the Japanese Yen. The weakness against the Euro was sparked by the results of the French election over the weekend. Investors are exiting safe havens in favor of riskier investments as concerns over the political situation in France have receded.

Centrist Emmanuel Macron won the first round of voting in France on Sunday. Macron now moves ahead to the final round of presidential election on May 7. Macron won 23.9 percent of the votes, while Marine Le Pen came in second-place with 21.4 percent vote. Macron is expected to defeat anti-EU Le Pen, easing fears that France may leave the European Union.

The dollar sank to over a 5-month low of $1.0877 against the Euro early Monday, but has since pared its losses slightly, to around $1.0850.

Euro area government deficit and debt to GDP ratios narrowed further in 2016, data from the Eurostat showed Monday.

Eurozone's government deficit to GDP ratio declined to 1.5 percent from 2.1 percent in 2015.

The corresponding ratio for EU28 dropped to 1.7 percent from 2.4 percent.

The government debt to GDP ratio for euro area fell to 89.2 percent from 90.3 percent in 2015.

The EU28 debt ratio eased to 83.5 percent from 84.9 percent.

Germany's business confidence improved to a near six-year high in April as companies were more upbeat about their current situation.

The business confidence index rose to 112.9 from a revised 112.4 in March, survey data from the Munich-based Ifo institute revealed Monday. The reading was the highest since July 2011. The score was forecast to rise marginally to 112.4 from March's initially estimated value of 112.3.

The buck slipped to a low of $1.2832 against the pound sterling Monday, but has since bounced back to around $1.2790.

British consumer confidence decreased in the three months ended March as rising price pressures damped consumer spending, results of a survey by the professional services firm Deloitte showed Monday.

The consumer confidence index dropped to -7.0 in the first quarter from -6.0 in the fourth quarter of 2016, the latest Deloitte Consumer Tracker survey showed. Despite this, the index remained in line with the three-year average, the report added.

The average asking price for houses in the United Kingdom was up 1.1 percent on month in April, property tracker Rightmove said on Monday, checking in at a record 313,655 pounds. That follows the 1.3 percent increase in March.

The greenback jumped to a high of Y110.345 against the Japanese Yen Monday, but has since eased back to around Y109.800.

Japan's leading index increased slightly in February instead of a decline reported earlier, latest figures from the Cabinet Office showed Monday. The leading index, which measures the future economic activity, rose to 104.8 in February from 104.7 in January, revised from 104.9. The preliminary reading for February was 104.4.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Advances Further Following U.S. Durable Goods Orders, GDP Data (23 min(s), 15 sec(s) ago)
(RTTNews) - Following the release of the U.S. durable goods orders for April and second estimate o ...Full Story»

Dollar Rises Ahead Of U.S. Durable Goods Orders, GDP Data (32 min(s), 15 sec(s) ago)
(RTTNews) - The U.S. durable goods orders for April and second estimate of GDP data for the first ...Full Story»

Swiss Franc Rises Against Most Majors (03 hr(s), 29 min(s), 14 sec(s) ago)
(RTTNews) - The Swiss franc strengthened against most major currencies in the European session on ...Full Story»

U.S. Dollar Declines Against Most Majors (03 hr(s), 44 min(s), 15 sec(s) ago)
(RTTNews) - The U.S. dollar slipped against its most major rivals in early European deals on Frida ...Full Story»

Pound Slides As Conservative Polling Lead Narrows After U.K Terror Attack (05 hr(s), 02 min(s), 15 sec(s) ago)
(RTTNews) - The pound weakened against its major rivals in the Asian session on Friday, after an o ...Full Story»

Yen Rises Against Majors (08 hr(s), 11 min(s), 15 sec(s) ago)
(RTTNews) - The Japanese yen strengthened against the other major currencies in the Asian session ...Full Story»

U.S. Dollar Rises Against Most Majors (08 hr(s), 32 min(s), 15 sec(s) ago)
(RTTNews) - The U.S. dollar strengthened against the other major currencies in the Asian session o ...Full Story»

Pound Falls Against Majors (08 hr(s), 50 min(s), 15 sec(s) ago)
(RTTNews) - The British pound weakened against the other major currencies in the Asian session on ...Full Story»

Search

FOREX NEWS

Dollar Advances Further Following U.S. Durable Goods Orders, GDP Data

05/26/2017 - 08:34 AM (RTTNews)
(RTTNews) - Following the release of the U.S. durable goods orders for April and second estimate o ...Full Story>>

Dollar Rises Ahead Of U.S. Durable Goods Orders, GDP Data

05/26/2017 - 08:25 AM (RTTNews)
(RTTNews) - The U.S. durable goods orders for April and second estimate of GDP data for the first ...Full Story>>

Swiss Franc Rises Against Most Majors

05/26/2017 - 05:28 AM (RTTNews)
(RTTNews) - The Swiss franc strengthened against most major currencies in the European session on ...Full Story>>

U.S. Dollar Declines Against Most Majors

05/26/2017 - 05:12 AM (RTTNews)
(RTTNews) - The U.S. dollar slipped against its most major rivals in early European deals on Frida ...Full Story>>

Pound Slides As Conservative Polling Lead Narrows After U.K Terror Attack

05/26/2017 - 03:56 AM (RTTNews)
(RTTNews) - The pound weakened against its major rivals in the Asian session on Friday, after an o ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.