Euro reverses after hitting six-month high on Macron victory

Euro reverses after hitting six-month high on Macron victory

Emmanuel Macron received words of encouragement form Greek leaders yesterday after winning France's presidential election on Sunday.

Hollande smiled and clasped the arms of his one-time economy minister as the two men attended a ceremony at Paris's Arc de Triomphe to commemorate victory over the Nazis in World War II.

The centrist's emphatic victory, which also smashed the dominance of France's mainstream parties, brings huge relief to European allies who had feared another populist upheaval to follow Britain's vote to quit the EU and Donald Trump's election as US president.

Mr. Macron won the presidency with 66% of votes against his far-right rival Marine Le Pen's 34%, show the final numbers released by France's Interior Ministry.

Mainstream parties on the left and right that were frozen out of Sunday's runoff in a first for modern France, also are regrouping, aiming to clip Macron's wings and impose their political agenda, via parliament, on his five-year term.

From Adam Plowright, Macron elected French president, AFP, Yahoo!

Canadian Prime Minister Justin Trudeau said he wanted to work together with Macron on a "progressive agenda" to "promote global security, increase collaboration in science and technology, and create good, middle-class jobs on both sides of the Atlantic".

NHL Burakovsky at the double as Caps down Penguins to tie series
Now they're doing neither. "The last two games they have dominated". Perhaps Crosby just fell a little awkwardly and was winded. Though "HBK" was hardly the only group that had issues.

German Chancellor Angela Merkel said: "the decision of the French voters is also clearly a vote for Europe". "But they do not know France!"

Mr. Macron will formally take over from Mr. Hollande on or before May 14.

The euro fell the most against the dollar since late March, having risen in overnight trade to just above $1.10 when opinion polls signaled the scale of Macron's victory over anti-euro nationalist Marine Le Pen.

The France Le Pen described to supporters in her National Front party could not be more different. "The National Front is a tool that will evolve to be more efficient, bring more people together considering the number of voters we reached last night".

He also has a raft of economic reforms planned.

Few could have asked for a better start to a political career than France's new President Emmanuel Macron. Announcing the changes, the movement's secretary general, Richard Ferrand, said the organization will be "a new political force" on the landscape redrawn by Macron's victory. "Let us work in France and Spain for a stable, prosperous and more integrated Europe", Prime Minister Mariano Rajoy said in a tweet. In interviews Monday, party officials said a new name would aim to broaden its appeal.

World stocks, as measured by MSCI's 46-country world index hit a record high and the main measure of Asia-Pacific shares excluding Japan rose 0.8 percent.

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