The Euro marked a rise today in Asian markets after the first round of early French parliamentary elections put Marine Le Pen in the lead while the yen struggles to recover from the lowest level it has been at in 38 years.
Le Pen’s National Rally (RN) won the first round of the French parliamentary election held yesterday, Sunday.
The Euro, which had fallen 0.8% after President Emmanuel Macron called the election on June 9, rose 0.4% to $1.0756 in Asian markets after reaching a two-week high earlier in the session.
The Euro’s rise caused the dollar to fall slightly against a basket of currencies, despite a rebound in the U.S. currency thanks to data released on Friday showing a decline in inflation in May, boosting expectations that Federal Reserve, the U.S. central bank, will start cutting interest rates later this year.
