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Macron plunges euro to one-month low

Political uncertainty has weighed on the common European currency

Jun 10, 2024 05:53 105

The euro fell to a one-month low in Asian trading today, Reuters reported.

This came after French President Emmanuel Macron called early parliamentary elections following the heavy loss of his far-right liberal party in the country's European Parliament elections.

Political uncertainty had a negative impact on the common European currency, whose exchange rate decreased by 0.25 percent to a level of 1.07735 dollars per 1 euro.