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.”
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.
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.