{"id":3710,"date":"2017-06-13T00:00:00","date_gmt":"2017-06-13T04:00:00","guid":{"rendered":"https:\/\/currencylive.com\/100099-eur-usd-macron-success-boost\/"},"modified":"2017-06-13T00:00:00","modified_gmt":"2017-06-13T04:00:00","slug":"100099-eur-usd-macron-success-boost","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/100099-eur-usd-macron-success-boost\/","title":{"rendered":"EUR\/USD Euro Boosted by Macron&#8217;s Success"},"content":{"rendered":"<p>The euro U.S. dollar exchange rate is trading steady around $1.12, after edging up from last week\u2019s low of $1.1160.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th>What do these figures mean? <\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>When measuring the value of a pair of currencies, one set equals 1 unit and the other shows the current equivalent. As the market moves, the amount will vary from minute to minute. <\/td>\n<\/tr>\n<tr>\n<td>For example, it could be written: <em>1 EUR = 1.12829 USD<\/em> <\/td>\n<\/tr>\n<tr>\n<td><em>Here, \u20ac1 is equivalent to approximately $1.13. This specifically measures the euro\u2019s worth against the dollar. If the U.S. dollar amount increases in this pairing, it\u2019s positive for the euro.<\/em> <\/td>\n<\/tr>\n<tr>\n<td>Or, if you were looking at it the other way around: <em>1 USD = 0.88789 EUR<\/em> <\/td>\n<\/tr>\n<tr>\n<td><em>In this example, $1 is equivalent to approximately \u20ac0.89. This measures the U.S. dollar\u2019s worth versus the euro. If the euro number gets larger, it\u2019s good news for the dollar.<\/em> <\/td>\n<\/tr>\n<\/tbody>\n<\/table class=\"table table-bordered\">\n<p>The euro has been gaining strength as investors cheer the success of President Macron\u2019s party in the French Parliamentary elections. Shortly after Macron won the Presidential election there had been concerns that Macron\u2019s *En Marche! party would struggle to find the support needed in Parliament to rule comfortably. However, the party, which was only formed a year ago, managed to win a massive 32.32% in the first round. Some analysts anticipate that <em>En Marche! could even take up to 455 of the 577 seats in the National Assembly in the second round.<\/em><\/p>\n<p>The overriding benefit for the euro is that with a large majority Macron should easily be able to push his political and economic agendas through Parliament. Macron\u2019s political agenda is pro-European Union, essentially looking to strengthen and unify the eurozone. In addition, his economic agenda is also decidedly pro-business as he\u2019s expected to overhaul labour laws in order to inject life back into the weak economy. A stronger economy and more stable political environment attracts more foreign investment. To invest in the region one needs euros, and the increased demand for euros boosts its value. Both agendas are, therefore, euro positive.<\/p>\n<p>Eurozone economic data on Monday had little impact on the value of the euro. Tuesday is once again a quiet day as far as eurozone economic data is concerned.<\/p>\n<h2><a href=\"#u-s-dollar-steady-ahead-of-fed-reserve-rate-decision-on-wednesday\" name=\"u-s-dollar-steady-ahead-of-fed-reserve-rate-decision-on-wednesday\"><\/a>U.S. dollar steady ahead of Fed Reserve rate decision on Wednesday<\/h2>\n<p>The U.S. dollar has had a fairly quiet start to the week as investors look cautiously ahead to the Federal Reserve interest rate decision on Wednesday. Influential economic data has been in short supply and fired FBI Director James Comey\u2019s appearance before Congress last Friday didn\u2019t offer any new developments. Consequently, concerns have faded over Trump\u2019s support in Congress and the President\u2019s ability to push through his dollar boosting agenda.<\/p>\n<p>Dollar traders are looking anxiously ahead to Wednesday when the U.S. Federal Reserve is expected to increase interest rates by 0.25%. The Fed is also expected to indicate how many more times they intend to raise rates through the rest of 2017. Given that the rate hike in June is almost guaranteed in the eyes of the market, the outlook for rate rises has the biggest potential to drive the value of the dollar. Should the Fed point towards two or more hikes in the rest of 2017, the buck could receive a boost. Conversely, should the Fed hint to no more rises, then the dollar could be set to fall.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th>Why do raised interest rates boost a currency\u2019s value? <\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Interest rates are key to understanding exchange rate movements. Those who have large sums of money to invest want the highest return on their investments. Higher interest rate environments tend to offer higher yields. So, if the interest rate or at least the interest rate expectation of a country is relatively higher compared to another, then it attracts more foreign capital investment. Large corporations and investors need local currency to invest. So more local currency used then boosts the demand of that currency, pushing its value higher. <\/td>\n<\/tr>\n<\/tbody>\n<\/table class=\"table table-bordered\">\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>The euro U.S. dollar exchange rate is trading steady around $1.12, after edging up from last week\u2019s low of $1.1160. What do these figures mean? When measuring the value of a pair of currencies, one set equals 1 unit and the other shows the current equivalent. As the market moves, the amount will vary from [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3711,"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-3710","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 Euro Boosted by Macron&#039;s Success - 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\/100099-eur-usd-macron-success-boost\/\" \/>\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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100099-eur-usd-macron-success-boost\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100099-eur-usd-macron-success-boost\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD Euro Boosted by Macron&#8217;s Success\",\"datePublished\":\"2017-06-13T04:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100099-eur-usd-macron-success-boost\\\/\"},\"wordCount\":819,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100099-eur-usd-macron-success-boost\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100099-eur-usd-macron-success-boost.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\\\/100099-eur-usd-macron-success-boost\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100099-eur-usd-macron-success-boost\\\/\",\"name\":\"EUR\\\/USD Euro Boosted by Macron's Success - 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