# French Oat-German Bund 10-year Spread | Global Macro Monitor

> The French Oat-German Bund 10-year spread narrowed by almost 20 basis points after the first round of the French presidential election. The euro strengthened about 1.5 percent against the dollar and rose about 2.3 percent over April. Polls pointed to Emmanuel Macron winning the runoff.

- Date: 2017-04-30 · published 2017-04-30T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/8220-french-oat-german-bund-10-year-spread-global-macro-monitor
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of a Macron win lifted European risk appetite and the euro, which affects dollar-denominated commodity prices and European feed import costs. The effect on grain and oilseed prices is indirect.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-03-06 | [For markets, German fiscal splurge blurs ECB outlook](https://feedsoft.ai/events/5801-for-markets-german-fiscal-splurge-blurs-ecb-outlook.md) | +1.5% | +0.9% |
| EURUSD | 2024-03-06 | [Euro is back on the scene for global central banks](https://feedsoft.ai/events/31421-euro-is-back-on-the-scene-for-global-central-banks.md) | +0.5% | -0.8% |
| EURUSD | 2023-11-30 | [US dollar gains but set for worst monthly loss in a year, euro falls](https://feedsoft.ai/events/33379-us-dollar-gains-but-set-for-worst-monthly-loss-in-a-year-euro-falls.md) | -1.6% | +0.9% |
| EURUSD | 2020-08-28 | [Euro (EUR USD) Revives Global Challenge for the Dollar’s Currency Crown - Bloomberg](https://feedsoft.ai/events/51823-euro-eur-usd-revives-global-challenge-for-the-dollar-s-currency-crown-bloomberg.md) | +0.1% | -1.7% |
| EURUSD | 2017-12-26 | [Macroscope \| Why 2018 could be the year of the euro \| South China Morning Post](https://feedsoft.ai/events/67682-macroscope-why-2018-could-be-the-year-of-the-euro-south-china-morning-post.md) | +1.8% | +4.7% |

## Sources

- global-macro-monitor.com: https://global-macro-monitor.com/2017/04/30/french-oat-german-bund-10-year-spread-13/

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