# Euro tumbles as Macron calls snap French election | Reuters

> The euro fell after far-right gains in European Parliament elections prompted French President Emmanuel Macron to call a snap national election. Markets also faced a busy week with U.S. inflation data and a Federal Reserve decision due Wednesday, and a Bank of Japan meeting on Friday.

- Date: 2024-06-10 · published 2024-06-10T12:00:00.000Z
- Category: geopolitics · region France · magnitude medium
- Page: https://feedsoft.ai/events/10798-euro-tumbles-as-macron-calls-snap-french-election-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Political uncertainty in France raised risk premia on European assets and supported the dollar, which lowers dollar-denominated feed commodity prices for importers in other currencies. Feed buyers should watch euro strength as a factor in EU import costs.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-06-14 | [Election concerns in France give euro worst week in two months \| Reuters](https://feedsoft.ai/events/10799-election-concerns-in-france-give-euro-worst-week-in-two-months-reuters.md) | -0.6% | +1.5% |
| EURUSD | 2026-03-01 | [Euro, yen slide as Middle East conflict escalates \| Reuters](https://feedsoft.ai/events/11001-euro-yen-slide-as-middle-east-conflict-escalates-reuters.md) | -1.8% | -2.6% |
| EURUSD | 2022-02-25 | [From euro to EM: Russia's Ukraine war upends market bets \| Reuters](https://feedsoft.ai/events/9834-from-euro-to-em-russia-s-ukraine-war-upends-market-bets-reuters.md) | -0.9% | -1.3% |
| EURUSD | 2026-03-02 | [European markets hurting as Iran war widens \| Reuters](https://feedsoft.ai/events/11002-european-markets-hurting-as-iran-war-widens-reuters.md) | -1.8% | -2.6% |
| EURUSD | 2026-03-04 | [Dollar firms, euro stumbles as energy prices surge \| MarketScreener](https://feedsoft.ai/events/11005-dollar-firms-euro-stumbles-as-energy-prices-surge-marketscreener.md) | +0.4% | -0.7% |
| DXY | 2026-03-01 | [Euro, yen slide as Middle East conflict escalates \| Reuters](https://feedsoft.ai/events/11001-euro-yen-slide-as-middle-east-conflict-escalates-reuters.md) | +1.4% | +2.6% |
| DXY | 2022-02-25 | [From euro to EM: Russia's Ukraine war upends market bets \| Reuters](https://feedsoft.ai/events/9834-from-euro-to-em-russia-s-ukraine-war-upends-market-bets-reuters.md) | +0.0% | +0.0% |
| DXY | 2026-03-02 | [European markets hurting as Iran war widens \| Reuters](https://feedsoft.ai/events/11002-european-markets-hurting-as-iran-war-widens-reuters.md) | +1.4% | +2.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/euro-slips-one-month-low-macron-calls-french-election-2024-06-10/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.