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Euro Slips With Left Bloc Set for Shock French Election Win
The euro weakened in early Asia trading after initial projections in France’s legislative elections pointed to a shock victory for the leftist alliance, an outcome the market had largely written off. The common currency was quoted 0.3% lower at around $1.0807 as trading got underway in Sydney. Initial projections show the New Popular Front, which includes the Socialists and far-left France Unbowed, is poised to get between 170 and 215 seats in the National Assembly. Marine Le Pen’s far-right National Rally — which had been widely expected to win the most seats — is seen coming in third, after President ... (full story)