# Election concerns in France give euro worst week in two months | Reuters

> The euro was on track for its biggest weekly fall against the dollar in two months as concerns grew that a new French government would worsen the country's fiscal position ahead of a snap parliamentary election. French bond spreads widened sharply and bank stocks fell. The yen hit a six-week low against the dollar after a dovish Bank of Japan policy update.

- Date: 2024-06-14 · published 2024-06-14T12:00:00.000Z
- Category: geopolitics · region France · magnitude medium
- Page: https://feedsoft.ai/events/10799-election-concerns-in-france-give-euro-worst-week-in-two-months-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Fiscal and political risk in France widened euro-zone spreads and weakened the euro, which tends to strengthen the dollar and lower dollar-priced feed commodities. The dovish BOJ stance also pushed the yen lower, adding to dollar strength.

## Read by commodity

- EURUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-06-10 | [Euro tumbles as Macron calls snap French election \| Reuters](https://feedsoft.ai/events/10798-euro-tumbles-as-macron-calls-snap-french-election-reuters.md) | -1.0% | +0.1% |
| 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 | 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 | 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 | 2022-03-31 | [Euro Falls on Ukraine Concerns, Norwegian Crown Drops on Central Bank Action](https://feedsoft.ai/events/42469-euro-falls-on-ukraine-concerns-norwegian-crown-drops-on-central-bank-action.md) | -2.2% | -5.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/yen-guard-ahead-boj-euro-stutters-with-weekly-loss-sight-2024-06-14/

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