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Forex Market Review (Asian Session) – Euro steady as Macron set to win legislative elections; sterling in focus as Brexit talks begin

The euro was supported by news that French President Emmanuel Macron won a majority in Sunday’s legislative elections. Sterling was steady ahead of the start of Brexit talks in Brussels today.

In terms of economic data, Japan had a surprise trade deficit in May. The overall trade balance was -203.4 billion yen last month, missing the 76.0 billion yen surplus expected and was below the prior 481.7 billion yen surplus.

The yen weakened after the Japanese data. This helped the dollar bounce…

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