Euro falls in warning sign for markets after Macron calls snap France vote
LONDON - The euro fell in early Asia trade on Monday, a sign of the unease likely to beset Europe as French President Emmanuel Macron called a shock legislative election after being trounced in the European Union vote by the far-right.
In Italy, Prime Minister Giorgia Meloni's arch-conservative Brothers of Italy group won the most votes, exit polls showed, confirming its status as the nation's most popular party. In focus when broader European markets open later on Monday will likely be Italy's 10-year government bond yield gap over benchmark Germany - often a good barometer of risk appetite in the region.
Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said it would take a huge surge to the far right for the euro to weaken substantially.
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