# French election relief sends Europe soaring

> Euro zone stocks rose sharply on Monday after Emmanuel Macron, the market-favoured candidate, won the first round of the French presidential election. The euro jumped about 1.3 percent to $1.0873, briefly reaching $1.0940, and the yen weakened against it.

- Date: 2017-04-24 · published 2017-04-24T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/9724-french-election-relief-sends-europe-soaring
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A reduced risk of a French exit from the EU strengthens the euro against the dollar, which matters for dollar-priced grain and oilseed import costs in Europe. The effect on feed commodity prices themselves is limited.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2017-04-24 | 1 | +1.4% | 3.5 | Macron's first-round win cut political-risk premia, and the euro jumped about 1.3% to $1.0873, matching the size of the move on the day. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-04-23 | [French elections: Wall Street joins European relief rally - BBC News](https://feedsoft.ai/events/9725-french-elections-wall-street-joins-european-relief-rally-bbc-news.md) | +1.9% | +4.6% |
| EURUSD | 2017-04-24 | [French election spurs equity market, euro rally](https://feedsoft.ai/events/9728-french-election-spurs-equity-market-euro-rally.md) | +1.9% | +4.6% |
| EURUSD | 2017-04-24 | [French Markets Surge as Euro Withstands Attack From the Right - The New York Times](https://feedsoft.ai/events/9726-french-markets-surge-as-euro-withstands-attack-from-the-right-the-new-york-times.md) | +1.9% | +4.6% |
| EURUSD | 2017-04-24 | [France's Macron and Le Pen head for runoff in second round of presidential election](https://feedsoft.ai/events/9727-france-s-macron-and-le-pen-head-for-runoff-in-second-round-of-presidential.md) | +1.9% | +4.6% |
| EURUSD | 2017-04-25 | [Continued Macron relief rally helps boost EUR USD to extended 5 month high](https://feedsoft.ai/events/9730-continued-macron-relief-rally-helps-boost-eur-usd-to-extended-5-month-high.md) | +0.6% | +3.6% |
| DXY | 2022-03-30 | [Asia Session: 'Reduced' Russia Operations Sparks Relief Rally; Dollar Falls \| Investing.com](https://feedsoft.ai/events/42514-asia-session-reduced-russia-operations-sparks-relief-rally-dollar-falls.md) | +0.1% | +2.9% |
| DXY | 2017-04-25 | [Continued Macron relief rally helps boost EUR USD to extended 5 month high](https://feedsoft.ai/events/9730-continued-macron-relief-rally-helps-boost-eur-usd-to-extended-5-month-high.md) | +0.2% | -0.7% |
| DXY | 2026-01-19 | [Trump's Europe tariff threat over Greenland revives talk of 'Sell America' trade \| Reuters](https://feedsoft.ai/events/7345-trump-s-europe-tariff-threat-over-greenland-revives-talk-of-sell-america-trade.md) | -1.7% | -2.0% |

## Sources

- reuters.com: https://www.reuters.com/article/global-markets/global-markets-french-election-relief-sends-europe-soaring-idUSL8N1HW2AG/

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