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ucodesoft Posted1 5 years ago

The euro recovered some ground against the dollar on Monday after weekend talks aimed at finding a leftist unity candidate for France's presidential election showed little sign of progress. News that Socialist Benoit Hamon and hard-left rival Jean-Luc Melanchon were discussing cooperation in their bid for the presidency weakened the euro and supported the yen on Friday. Investors believe such a tie-up could either backfire and propel far-right, anti-globalization candidate Marine Le Pen into the Elysee palace or succeed and land France with a far-left president pursuing deficit-boosting economic policies.