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.

உங்களின் மாற்ற முடிவைத் தேர்வுசெய்யவும்

நீங்கள் இன்று வர்த்தகத்தைத் தொடங்கியிருந்தால், உங்கள் கற்பனையான P/L ஐக் (செலவு மற்றும் கட்டணங்களுடன்) கணக்கிடுங்கள்.

மார்கெட்

ETFகள் Search
ETFகள்
கிரிப்டோ
பங்குகள்
நாணயங்கள்
பத்திரங்கள்
வியாபாரச் சரக்கு
குறியீடு

நிதிசார் கருவிகள்

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

கணக்கு வகை

திசைகள்

அளவு

தொகையானது சமமாக அல்லது அதிகமாக இருக்க வேண்டும்

தொகையானது இதைவிடக் குறைவாக இருக்க வேண்டும்

குறைந்தபட்ச லாட்கள் அதிகரிக்கும் அளவின் அடிப்படையின் மடங்காக தொகை இருக்க வேண்டும்

USD Down
$-

மதிப்பு

$-

கமிஷன்

$-

ஸ்ப்ரெட்

-

லிவரேஜ்

-

மாற்று ஃபீஸ்

$-

தேவைப்படும் மார்ஜின்

$-

ஒரே இரவில் இடமாற்றம்

$-
வர்த்தகத்தைத் தொடங்குங்கள்

கடந்தகால செயல்திறன் எதிர்கால முடிவுகளின் நம்பகமான குறிகாட்டியாக இருப்பதில்லைை.

உங்கள் கணக்கின் நாணயத்திலிருந்து வேறுபட்ட நாணயத்தில் குறிப்பிடப்பட்ட கருவிகளின் அனைத்து நிலைகளும், நிலை வெளியேறும் இடத்திலும் மாற்று ஃபீஸ் விதிக்கப்படும்.

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.

சமீபத்திய செய்திகள்

New Zealand dollar drops on unexpected dovish tone from RBNZ

புதன், 10 ஜூலை 2024

Indices

Unexpected dovish tone from RBNZ drops New Zealand dollar

Sterling steady as investors take in UK, French election results

செவ்வாய், 9 ஜூலை 2024

Indices

Sterling steady near one-month high in wake of UK election

BP shares fall on Q2 profit warning

செவ்வாய், 9 ஜூலை 2024

Indices

BP shares drop over 4% on Q2 lower profit warning

BP shares dip ahead of Powell Congress testimony

செவ்வாய், 9 ஜூலை 2024

Indices

BP dips, Powell Congress speech ahead, records for Tokyo, NY

Live Chat