“The safe-haven bid should leave the U.S. Treasury market stabilizing the top side in EUR/USD. As credit risk fades in the euro zone, it should attract increased flows in its cheaper equity market giving EUR/USD some support.” Sebastien Galy, director of forex strategy at Deutsche Bank, said in an email.

Macron, who could become the youngest ever president in French history, is known for his pro-European stance.

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