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2024

Euro eases on French poll gridlock, dollar sluggish after US payrolls

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Euro slipped post-French election with a hung parliament favoring left-wing alliance and Macron. Le Pen’s party lagged. Weak U.S. payrolls hurt dollar, upping Fed cut odds. Yen rose to 160.70 yen, sterling hit a 3-1/2-week top post-Labour Party win. Bitcoin fell amid Mt. Gox woes; dollar index at 104.97 amid CME Group’s Fed cut odds.