Far right leads first round of France’s parliamentary election
Trending Articles- Silver Price Forecast: XAG/USD surges to record high above $56 amid bullish momentum
- Silver Price Forecast: XAG/USD bulls remain focused on the $54.40 level
- Fed Chair Candidate: What Would a Hassett Nomination Mean for U.S. Stocks?
- The 2026 Fed Consensus Debate: Not Hassett, It’s About Whether Powell Stays or Goes
- U.S. PCE and 'Mini Jobs' Data in Focus as Salesforce (CRM) and Snowflake (SNOW) Report Earnings 【The week ahead】
- AUD/USD holds steady below 0.6550 as traders await Australian GDP release
Marine Le Pen’s far-right National Rally (RN) party is projected to have won 34% in the first round of France’s parliamentary elections on Sunday, initial projections showed, per CNN.
Meanwhile, French President Emmanuel Macron’s centrist alliance suffered staggering losses, coming third with 20.3% of the vote. The left-wing coalition of the New Popular Front (NFP) made a strong showing with 28.1% of the vote.
According to their projections, the far-right would win between 230 and 280 seats in the National Assembly, leaving it short of the 289 seats needed for an absolute majority.
Market players will keep an eye on the second round of elections on July 7. The RN will try to win an absolute majority to run the National Assembly without needing coalition partners.
Market reaction to French election 2024
At the time of press, the EUR/USD pair was up 0.20% on the day at 1.0735.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
