Jinshi Data News on June 14th, according to Refinitiv data, the tense sentiment before the French early election has pushed the one-month implied volatility of the euro against the US dollar to its highest level in nearly eight months. This indicator reflects the option pricing indicator that reflects the future trend risks. Chris Weston, Research Director at Pepperstone, stated in a report that polls show the risk of the extreme right-wing National Rally Party led by Marine Le Pen winning the election, and investors are concerned about this prospect and are worried that the party may deviate from EU fiscal rules. He said, 'Traders expect increased volatility in euro assets.' If the party led by Le Pen comes to power, the yield spread between 10-year French and German bonds may exceed 80 basis points, leading to further declines in the French CAC40 index, French bank stocks, and the euro.