# Macron emerges on top as France urged to reject Le Pen | CNN

> French stock markets rose on Monday morning and the euro reached its highest level since November against the dollar. Investors bet against a Le Pen victory, with Macron positioned ahead of the second round.

- Date: 2017-04-24 · published 2017-04-24T12:00:00.000Z
- Category: geopolitics · region France · magnitude low
- Page: https://feedsoft.ai/events/9729-macron-emerges-on-top-as-france-urged-to-reject-le-pen-cnn
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Reduced expectations of a Le Pen win support the euro and European assets. The effect on feed commodity prices is indirect.

## 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 | Investors bet against a Le Pen victory and the euro reached its highest level since November, which supports the euro move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2022-03-10 | [Sterling Vulnerable, Pound To Dollar Rate Lifeline As Global Equities Surge](https://feedsoft.ai/events/9530-sterling-vulnerable-pound-to-dollar-rate-lifeline-as-global-equities-surge.md) | -0.7% | -1.4% |
| 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% |

## Sources

- cnn.com: https://www.cnn.com/2017/04/24/europe/french-presidential-election

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