France's Le Maire: Will do all to ensure far-right national rally party does not get absolute majority

Dhwani Mehta FXStreet

French Finance Minister Bruno Le Maire said on Monday that “(we) will do all to ensure the far-right National Rally party does not get absolute majority.”

Additional quotes

The first round of parliament election marks a defeat for the presidential majority.

The real risk would be if far right national rally party wins an absolute majority.

Market reaction

The Euro has regained upside traction, as the European traders hit their desks early Monday and reacted positively to the far-right sweep in the first round of the French snap election on Sunday. At the time of writing, EUR/USD is trading 0.55% higher on the day at 1.0770.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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