Market Update, News, AUD

Aussie dollar gain on French election result

The Australian share market and dollar have been beneficiaries of Emmanuel Macron's victory in the first round of the French presidential election, as the centrist looks increasingly likely to win the run-off.

The biggest initial beneficiary of the outcome was the euro, which jumped around 2 US cents to $US1.09 this morning on the improved prospects for its long-term survival.

The Australian dollar, seen as a "risk" asset and generally sought after in periods of global optimism, also rose against the greenback to 75.52 US cents but eased against the surging euro.

Read the full article on ABC.

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About Tim Strube