The euro reached a five-and-a-half month high against the US dollar when markets opened Sunday evening as exit polls in the French presidential election.
This comes after exit polls showed the independent candidate Emmanuel Macron gathered most of the votes in the first round of the French election.
His candidate Marine Le Pen is placed second in the first vote. Macron and Le Pen will dispute the presidency on May 7, when the runoff vote takes place. According to some financial analysts, the safe-haven bid should leave the U.S. Treasury market stabilizing the top side in EUR/USD.