The euro on Wednesday was paring its loss against the dollar following reports that French centrist politician Francois Bayrou will not run for president and instead back Emmanuel Macron, a centrist candidate. The shared currency was changing hands at $1.0543, after trading below $1.05 ahead of the news. Analysts have said the euro could fall to $1.03 if the prospects for populist Marine Le Pen becoming the country's next president keep strengthening. Macron is believed to have a good chance of beating Le Pen if a second round of voting were needed.
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