The euro rises as the far-right wins the first round of the French elections by 33.15%

The final results of the French legislative elections showed that the far-right National Rally party led by Marine Le Pen and his allies received 33.15% in the first round and already won 38 seats in parliament, but by a smaller margin than expected.

The leftist New Popular Front came in second place with 28.14% of the vote and won 32 seats in the first round, while the rally bloc led by President Emmanuel Macron came in third place with 21.27%, winning only two seats so far.

Since no party has received a majority, the second round of voting is scheduled for July 7.

Pollsters now believe that Le Pen's faction could easily get a relative majority, some even predict a possible absolute majority.

Polls indicate that the National Rally party and its allies may win between 260 and 310 seats in parliament in the second round of voting. At the same time, others predict that they will win about 230 to 280 seats.

The key figure to watch in this case is 289 seats, which is the minimum for an absolute majority.

France is therefore likely to avoid a major political stalemate where no party wins any form of majority. And this is the worst-case scenario for France, since it is difficult to be optimistic about the euro at the moment until the situation calms down.

Much could change in the coming days, and there are still risks that the political stalemate could return to the picture before the second round of voting next July 7.