# France's Macron and Le Pen head for runoff in second round of presidential election

> Emmanuel Macron and Marine Le Pen advanced to the French presidential runoff on May 7 after the first round, with Macron at about 23.7 percent and Le Pen at about 21.7 percent. The euro reached a five-and-a-half-month high against the dollar, and polls showed Macron favoured at roughly 62 to 38 percent.

- Date: 2017-04-24 · published 2017-04-24T12:00:00.000Z
- Category: geopolitics · region France · magnitude low
- Page: https://feedsoft.ai/events/9727-france-s-macron-and-le-pen-head-for-runoff-in-second-round-of-presidential
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A likely Macron win reduces the tail risk of a euro-area shock that would weigh on the euro. Currency moves of this kind change the dollar cost of European feed imports only modestly.

## Read by commodity

- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2017-04-24 | 1 | +1.4% | 3.5 | Macron and Le Pen advancing to the runoff, with Macron favoured in polls, lowered the odds of a eurosceptic victory and lifted EUR/USD to a five-and-a-half-month high. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-04-24 | [Macron emerges on top as France urged to reject Le Pen \| CNN](https://feedsoft.ai/events/9729-macron-emerges-on-top-as-france-urged-to-reject-le-pen-cnn.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 election relief sends Europe soaring](https://feedsoft.ai/events/9724-french-election-relief-sends-europe-soaring.md) | +1.9% | +4.6% |
| EURUSD | 2022-03-09 | [Euro surges as oil prices ease and investors embrace risk](https://feedsoft.ai/events/9523-euro-surges-as-oil-prices-ease-and-investors-embrace-risk.md) | +0.9% | +0.4% |
| 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% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/04/23/france-presidential-election-results-exit-polls-2017.html

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