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Euro jumps on Macron's showing in TV debate

Published Thu, May 4, 2017 · 09:50 PM
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London

THE euro surged towards 6-month highs around US$1.0950 on Thursday as support for the US dollar from Wednesday's Federal Reserve statement faded and investors took heart from French centrist Emmanuel Macron's performance in a TV presidential debate.

The dollar had gained against a number of major currencies in early trade in Europe but buying faded as major European names judged the Fed's meeting gave no reason for further ramping up bets on rises in US rates this year.

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