Euro gains after France far-right win first round vote

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Euro gains after France far-right win first round vote

LONDON - The euro edged higher on Sunday as the first round of France's shock snap election put the far-right in first place, but gave investors little further clarity on the final outcome.But uncertainty prevailed, as the final result will depend on how parties decide to join forces in each of the country's 577 constituencies for the second round, setting the stage for days of horsetrading before next Sunday's runoff.The euro, which has fallen 0.

"The market may be taking a little bit of solace in that. But overall, the downside risks that were there on Friday at the close remain," Brown said. Last week, the premium bondholders demand to hold France's debt over Germany's surged to the highest since 2012, during the euro zone debt crisis.Markets had initially calmed, as the RN toned down some of its more radical plans and has said it would respect EU fiscal rules that require France to cut its deficit, but were hit again on Friday, as nerves grew ahead of Sunday's vote.

 

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