Live Chat

Euro rallies vs. USD as far right book victory in French election first round

Euro rallies as far right scores notable win in French election first round

The euro surged on Monday following a notable victory by the French far-right in the first round of parliamentary elections — though the result slightly fell short of some projections.

This leaves the final French election result dependent on party negotiations ahead of the second round next weekend.

Marine Le Pen's far-right National Rally (Rassemblement National, RN) party secured a significant lead in the initial round on Sunday, according to exit polls cited by Reuters. However, analysts observed that the party's share of the vote was less than some projections, leading to a boost in stocks and bonds.

The euro rose 0.43% against the U.S. dollar to $1.0762, marking a two-week high.

It had previously declined by about 1.2% since the French far-right's victory in the European parliamentary elections in early June, which led President Emmanuel Macron to call a snap election.

請選擇您的點位移動

如果您今天進行了交易,請計算您的假設損益(總成本和費用).

市場

股票 Search
股票
指數
商品
債券
加密貨幣
交易所買賣基金
貨幣

金融工具

Search
Clear input
Occidental
Prosus N.V.
Porsche AG
Hermes
CAT
Thermo Fisher
Nikola Corporation
Tilray
Shell plc (LSE)
Skillz Inc
Iberdrola
DeltaAir
CrowdStrike Holdings
Golar LNG
Applied Materials
Snowflake
Royal Bank Canada
Amazon.com
Spotify
Exxon Mobil
CCB (Asia)
McDonald's
Campari
GameStop
Netflix
ON Semiconductor
Costco
Dave & Buster's
Delivery Hero SE
LUCID
Continental
Zoom Video Communications
Schlumberger
Virgin Galactic
Upwork Inc.
Cameco
JP Morgan
Fuelcell
Rivian Automotive
XPeng Inc
Wal-Mart Stores
Trade Desk
Blackstone
Vodafone
Aptiv PLC
L'Oreal
Target
Rio Tinto
Sartorius AG
British American Tobacco
Qorvo
ASOS
Cisco Systems
Nel ASA
Arista
Airbus
Apple
Pfizer
AMC Entertainment Holdings
ASML
Hubspot
Teladoc
Starbucks
SMCI
Canopy Growth
Wish.com Inc
Lockheed Martin
ProSiebenSat.1
IAG
AbbVie
Marston's
Baidu
Teleperformance
Norwegian Air Shuttle
Airbus Group SE
HSBC HK
Block
Annaly Capital
Abbott
LVMH
American Express
Novavax
GoPro
Siemens
Total
SIG
Pinterest Inc
Taiwan Semi
Etsy
Amgen
SONY
3D Systems
UPS
BlackBerry
Gen Digital Inc
Xiaomi
Quanta Services
Unity Software
NVIDIA
Anglo American
Palantir Technologies Inc
Fresnillo
Deere
Rolls-Royce
Porsche
Uber
Vir Biotechnology
American Airlines
ROBLOX Corp
Macy's
FirstRand
easyJet
DISNEY
Aurora Cannabis Inc
BP
Adidas
Boeing Co
Vonovia
Coca-Cola Co (NYSE)
Home Depot
General Electric
Coinbase Inc
ALIBABA HK
Philip Morris
General Motors
PayPal
UniCredit
II-VI
BASF
Kraft Heinz
Alphabet (Google)
Palo Alto Networks
Plug Power
Li Auto
Oracle
Roku Inc
UiPath Inc
Upstart Holdings Inc
F5 Networks
Infinera
Inditex
ZIM Integrated Shipping Services Ltd
Deutsche Bank
Hammerson
IBM
JD.com
Barrick Gold
Lemonade
MerckCo USA
Infosys
Invesco Mortgage
Comcast
Santander
Accenture
Anheuser-Busch Inbev
Visa
Mastercard
T-Mobile
SAP
Wayfair
Beyond Meat
Kuaishou
CarMax
Tesla
Lyft
Medtronic
Adobe
Morgan Stanley
Workday Inc
Blackrock
Vipshop
Meta (Formerly Facebook)
Linde PLC
Micron
Lululemon
Ceconomy
Chipotle
Gilead
Naspers
Bristol Myers
The Cheesecake Factory
Glencore plc
British American Tobacco
ChargePoint Holdings Inc
Twilio
Intel
Lloyds
CNOOC
Electrolux
Wells Fargo
Sea
PG&E
Fedex
Citigroup
Peloton Interactive Inc.
eBay
Microsoft
JnJ
Bilibili Inc
Trump Media & Technology Group
AIA
Nasdaq
Air France-KLM
Allianz
Lithium Americas Corp
Procter & Gamble
Qualcomm
AMD
New Oriental
MercadoLibre.com
Mondelez
Lumentum Holdings
Two Harbors Investment aration
AstraZeneca
Norwegian Cruise Line
Unilever
GoHealth
PepsiCo
Barclays
PETROCHINA
Goldman Sachs
Eli Lilly
HSBC
Cellnex
Berkshire Hathaway
Jumia Technologies
HDFC Bank
RTX Corp
Bayer
Bank of America
Chevron
ADT
DoorDash
Marriott
Nike
AT&T
GSX Techedu
Robinhood
Telecom Italia
Deliveroo Holdings
TUI
Freeport McMoRan
Toyota
BioNTech
Airbnb Inc
Alibaba
Verizon
Nio
Eni
Ford
Volkswagen
UnitedHealth
Shopify
China Life
Snap
Christian Dior
Conoco Phillips
Lufthansa
Tencent
Moderna Inc
Salesforce.com
Broadcom
Diageo
Toro
Cinemark

帳戶類型

方向

數量

金額必須等於或高於

金額必須小於

金額應為最小手數增量的倍數

USD Down
$-

$-

佣金

$-

點差

-

槓桿

-

手續費

$-

所需保證金

$-

隔夜利息

$-
開始交易

過去的表現並不是未來結果的可靠指標。

所有與你帳戶貨幣不相同貨幣計價的金融商品的倉位,在平倉時將被收取轉換費用。

CAC 40 and euro gain after first round of French election shifts “centre of gravity”

Markets.com Chief Market Analyst Neil Wilson shared his thoughts on the French election's first-round results in a note on Monday, noting the likelihood of a hung parliament and the precariousness of the French fiscal position:

“French stocks surging, euro gapping up, spreads narrowing again — a relief rally of sorts for assets exposed to French politics, but the centre of gravity has shifted and the Rassemblement National (National Rally) could secure a majority still. [...]

There will be an unusually high number of three-way run-offs due in part to the very big turnout. It is unclear how the Leftists and Centrists will work together to form a “Republican Front” to defeat RN. A hung parliament looks very possible. This could reduce the chance of a big spending splurge, but wouldn’t exactly help sort France’s fiscal position, which is already quite fragile”.

France’s benchmark CAC 40 index surged 2.4% in early trade on Monday — its best one-day rise in close to two years. It later pared its gains but was still up over 1.6% on the day as of 12:30 GMT.

French election worries drop CAC 40, widen bond spreads

Euro forecast: ING says second French election round is “big risk event”

Investors are now concerned that the RN might gain power through a "cohabitation" with incumbent president Emmanuel Macron, potentially advancing a high-spending and euro-sceptic agenda.

"First round results are not offering much certainty about the composition of the parliament, and the second round scheduled for next weekend is the big risk event," said Francesco Pesole, currency strategist at ING.

He added that the left-wing coalition's lower-than-expected vote share was also likely supporting the euro:

“It appears that EUR/USD is getting rid of some political risk premium this morning after preliminary results from the first round of French parliamentary elections came in close to pre-vote polls. Marine Le Pen’s National Rally is projected at 34%, followed by the leftist New Popular Front at 29% and President Emmanuel Macron’s centrist alliance at 22%. The positive reaction in the euro is, in our view, primarily due to some market relief for the New Popular Front not gaining more than expected”.

Euro rise, cooling U.S. inflation push dollar lower

The euro's rise pushed the dollar slightly lower against a basket of currencies. The greenback was already weakened after data on Friday showed U.S. inflation cooled in May, reinforcing expectations that the Federal Reserve will cut interest rates later this year.

The dollar index (DXY) was down 0.14% at 105.57, a one-week low. Against the dollar, sterling increased by 0.27% to $1.268, while the Australian dollar rose 0.1% to $0.6677.

Market predictions now indicate a 63% chance of an interest rate cut by the Federal Reserve in September, up from a 55% chance a month ago, according to the CME FedWatch tool.


When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.

最新新聞

星期二, 12 十一月 2024

Indices

原油價格下跌至兩週低點,OPEC再次下調需求預測,市場聚焦中國刺激措施與美國CPI數據

星期二, 12 十一月 2024

Indices

11月13日財經:市場觀望即將公佈的美國經濟數據,美股指數開始回調

星期二, 12 十一月 2024

Indices

美股大盤指數創新高,市場聚焦即將公佈的消費者物價指數與聯準會利率政策

星期二, 12 十一月 2024

Indices

黃金價格跌破2600美元,美元走強與聯準會政策影響黃金價格走勢

Live Chat