On July 1st, the euro rose further at the beginning of the Asian session as traders began to digest news that France's far-right party, represented by Marine Le Pen, will gain an advantage in the first round of the country's parliamentary elections, amid signs that the party's lead is not as large as some pre-election polls suggest. The euro rose 0.2% to 1.0740 against the dollar in early trade, touching its highest level since last Tuesday. Preliminary results showed the far-right National League party leading President Emmanuel Macron's centrist coalition and the left-wing New Popular Front, but may not have the votes needed to win an absolute majority after the second round of voting.