The FX market in early trading shows that risk appetite is rising. There is a strong demand for emerging markets currencies, as well as the Euro, Australian and New Zealand dollars.
At the other side are the rescue shelters - the yen and the Swiss franc.
It is obvious that the markets feel comfortable with the way French presidential elections are going. Currently, voters send Macron and Le Pen to runoff, with preliminary polls showing a chance for Macron to win the second round with 62% to 38%.
Trader Nikolay Georgiev
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