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Currency Market Analysis
America’s dollar was mostly steady Tuesday as strength against the yen helped offset weakness against the buoyant euro. The euro continued to bask in the afterglow of weekend elections in France that suggested a pro-business and market-friendly candidate was on track to become president of the No. 2 nation in the euro zone. The risk of both the euro zone and the broader European Union unraveling dissipated in a meaningful way with centrist Emmanuel Macron finishing first in last week’s preliminary election and projected to take the next and final round of voting on May 7. The pace of the euro’
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