Euro slips to one-month low as Macron calls French election [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
trounced in the European Union vote by the far-right, while the dollar was steady ahead of the Federal Reserve meeting later in the week. The euro fell to $1.0764, its lowest since May 9, in early trading in Asia. It was last down 0.24% at $1.0776 as investors weighed the implications of renewed political uncertainty in the euro zone's second-biggest economy in a key election year. Eurosceptic nationalists made the biggest gains in European Parliament elections in the Sunday vote, an aggregated exit poll showed, prompting Macron to take a risky gamble to try to reestablish his authority. "The prospects of a far right victory in France's snap elections may keep the euro under pressure in the near term," said Mansoor Mohi-Uddin, chief economist at Bank Of Singapore. "But the exchange rate is still more likely to be influenced by this week's U.S. inflation data and FOMC meeting." The European Central Bank cut rates last week in a well-telegraphed move, but offered few hints abo
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