2017.05.0819:54:00UTC+00Euro Slides as Macron Election Win Triggers Profit-Taking

The euro retreated from six-month peak versus the U.S. dollar after Emmanuel Macron's win in France's presidential election, as investors locked their profits on an almost 3 percent increase for the common currency since he emerged victorious in the first round of voting.

Macron's decisive win on Sunday briefly sent the euro beyond $1.10 versus the greenback, its highest level since November, during the U.S. presidential election.

Macron's win was heavily priced into the euro, according to analysts. The high volume of trading in the spot market so far indicates a moderate unwind of the rally seen in April and May is onset.

Meanwhile, the safe-haven yen and the Swiss franc fell as investors became more inclined to towards riskier assets with Macron's win. The centrist's win over the nationalist Marine Le Pen provided relief for investors who were worried of another populist disruption in Europe.

The euro advanced to as much as $1.1023, a six-month peak on the relief rally. The common currency also surged to a one-year high of 124.58 yen.

But in extended trading in New York, it slipped 0.6 percent to $1.0932 versus the dollar and 0.4 percent versus the yen to 123.56 yen.