{"id":3564,"date":"2017-05-12T00:00:00","date_gmt":"2017-05-12T04:00:00","guid":{"rendered":"https:\/\/currencylive.com\/100023-eur-usd-increases-not-macron\/"},"modified":"2017-05-12T00:00:00","modified_gmt":"2017-05-12T04:00:00","slug":"100023-eur-usd-increases-not-macron","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/100023-eur-usd-increases-not-macron\/","title":{"rendered":"EUR\/USD Increases But Not Thanks to Macron"},"content":{"rendered":"<p>Finally, one week after Macron won the French Presidential elections, the euro to us dollar exchange rate begin moving higher again. The euro failed to push significantly higher when centrist, pro- euro, Macron won the keys to the Elysee Palace. The rate initially jumped to 1.1010 on hearing the result, before selling off throughout most of the week and hitting a two-week low.<\/p>\n<h3><a href=\"#why-the-euro-didn-t-rally-the-week-following-macron-s-victory\" name=\"why-the-euro-didn-t-rally-the-week-following-macron-s-victory\"><\/a>Why the euro didn\u2019t rally the week following Macron\u2019s victory<\/h3>\n<p>There has been plenty of analysis as to why the euro didn\u2019t have a victory rally. These include arguments that there was a delayed reaction &#8211; with the likes of anti-euro LePen defeated a rally will come as investors look to buy in once again to European assets. Another line of thought is that the market was confident that Macron would win and negativity towards the euro had been declining since April, so no surprise no rally. Whilst the final idea is that with the stability brought by a Macron win and the low interest rate environment means that the euro can resume its role as a funding currency. This is a currency that due to its low interest rate is cheap to borrow, to finance more high risk trades. Suddenly with political calm once more in Europe, higher risk trades are once again more attractive meaning that the euro will be under selling pressure.<\/p>\n<h3><a href=\"#us-dollar-is-moving-the-euro-us-dollar-exchange-rate-higher\" name=\"us-dollar-is-moving-the-euro-us-dollar-exchange-rate-higher\"><\/a>US dollar is moving the euro\/ US dollar exchange rate higher<\/h3>\n<p>Interestingly the increase in the euro US dollar exchange rate that we witnessed today, which saw the EUR\/USD climb over 0.64%, is unlikely to be related to Macron in any way. Instead, it appears to be the product of weak economic data from the US which has reduced the expectation of a US rate hike in the June Federal Reserve. When an interest rate increase looks less probable, a currency will usually selloff, this is because foreign investors will dump investments in the local currency in favour of more profitable currencies elsewhere. This then increases the supply of the local currency which pushes the value of the currency lower.<\/p>\n<p><small><em><br \/>\nThis publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Inc., Currency Live or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Consult our <a href=\"https:\/\/currencylive.com\/risk-warning\/\">risk warning<\/a> page for more details.<\/em><\/small><\/p>\n<p><small><em>This article was initially published on TransferWise.com from the same author. The content at Currency Live is the sole opinion of the authors and in no way reflects the views of TransferWise Inc.<\/em><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finally, one week after Macron won the French Presidential elections, the euro to us dollar exchange rate begin moving higher again. The euro failed to push significantly higher when centrist, pro- euro, Macron won the keys to the Elysee Palace. The rate initially jumped to 1.1010 on hearing the result, before selling off throughout most [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3079,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379,1381],"tags":[1395,1398],"class_list":{"0":"post-3564","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"category-usd","10":"tag-eur","11":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD Increases But Not Thanks to Macron - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/100023-eur-usd-increases-not-macron\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100023-eur-usd-increases-not-macron\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100023-eur-usd-increases-not-macron\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD Increases But Not Thanks to Macron\",\"datePublished\":\"2017-05-12T04:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100023-eur-usd-increases-not-macron\\\/\"},\"wordCount\":514,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100023-eur-usd-increases-not-macron\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/shutterstock_509123194.jpg\",\"keywords\":[\"eur\",\"usd\"],\"articleSection\":[\"EUR\",\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2017\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100023-eur-usd-increases-not-macron\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100023-eur-usd-increases-not-macron\\\/\",\"name\":\"EUR\\\/USD Increases But Not Thanks to Macron - 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