The EUR/USD, EUR/GBP, and EUR/JPY have all seen rallies following the first round of the French election. The results of the election have brought about a sense of relief in the markets, as centrist candidate Emmanuel Macron emerged as the frontrunner. This has helped to ease concerns over the possibility of a far-right victory, which could have had negative implications for the euro.
The EUR/USD pair has seen a strong uptrend, with the euro gaining ground against the US dollar. Similarly, the EUR/GBP pair has also seen gains, as the euro has strengthened against the British pound. The EUR/JPY pair has experienced a similar rally, with the euro showing strength against the Japanese yen.
Investors are feeling more optimistic about the euro following the election results, as Macron is seen as a pro-European candidate who is likely to support the integration of the European Union. This has helped to boost confidence in the euro and has led to the rallies seen in these currency pairs.
Overall, the markets are reacting positively to the outcome of the French election, and the euro is benefiting from the improved sentiment. Traders will be keeping a close eye on the upcoming second round of the election, as the outcome will continue to have an impact on the currency markets.