
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.
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.
Setelah 18 peristiwa geopolitik bullish sebelumnya, Euro (USD per EUR) bergerak median +1,9% selama 5 sesi (83% lebih tinggi; separuh tengah +0,9% sampai +2,0%), dan +2,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
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.