- Trio wins chemistry Nobel for protein design, prediction
- SE Asian summit urges end to Myanmar violence but struggles for solutions
- Wimbledon replaces line judges with electronic system
- Record-breaking Root hits hundred as England power to 351-3
- Record-breaking Root hits hundred as England's power to 351-3
- Sabalenka relishes 'much-needed' tennis rivalry with Swiatek
- Liverpool goalkeeper Alisson set for six weeks out
- Taylor Swift got police escort to London gigs after Austria terror plot
- Cook tips Root to break Tendulkar's all-time runs record
- British skull auction sparks Indian demand for return
- Joe Root: England's elegant Test record-breaker
- Braving war: Lebanon's 'badass' airline defies odds
- Klopp to return as head of Red Bull football operations
- Hezbollah strikes Israel, says it foiled Israeli incursions
- Jurgen Klopp to return as head of Red Bull football operations
- Sinner to face Medvedev in Shanghai Masters quarter-finals
- US weighs Google breakup in landmark trial
- Record-breaking Root guides England to 232-2 in reply to Pakistan's 556
- Japan PM dissolves parliament for 'honeymoon' snap election
- Chinese stocks tumble on stimulus upset, Asia tracks Wall St higher
- 7-Eleven owner confirms new takeover offer from Couche-Tard
- Goodbye Tito? Tomb at risk as Serbs argue over Yugoslav legacy
- Restoration experts piece together silent Sherlock Holmes mystery
- Sinner avoids Shanghai deja vu with assured Shelton win
- Pyongyang to 'permanently' shut border with South Korea
- Trumpet star Marsalis says jazz creates 'balance' in divided world
- No children left on Greece's famed but emptying island
- Nepali becomes youngest to climb world's 8,000m peaks
- Climate change made deadly Hurricane Helene more intense: study
- A US climate scientist sees hurricane Helene's devastation firsthand
- Padres edge Dodgers, Mets on the brink
- Can carbon credits help close coal plants?
- With EU funding, Tunisian farmer revives parched village
- Sega ninja game 'Shinobi' gets movie treatment
- Boeing suspends negotiations with striking workers
- 7-Eleven owner's shares spike on report of new buyout offer
- Your 'local everything': what 7-Eleven buyout battle means for Japan
- Three million UK children living below poverty line: study
- China's Jia brings film spanning love, change over decades to Busan
- Paying out disaster relief before climate catastrophe strikes
- Chinese shares drop on stimulus upset, Asia tracks Wall St higher
- SE Asian summit seeks progress on Myanmar civil war
- How climate funds helped Peru's women beekeepers stay afloat
- Nobel Peace Prize to be awarded as wars rage
- Pacific island nations swamped by global drug trade
- AI-aided research, new materials eyed for Nobel Chemistry Prize
- Mozambique elects new president in tense vote
- The US economy is solid: Why are voters gloomy?
- Balkan summit to rally support for struggling Ukraine
- New stadium gives Real Madrid a headache
Euro knocked by European vote uncertainty
The euro recoiled Monday after a far-right surge in weekend EU polls sparked a general election in France, although analysts believe the single currency will remain resilient.
The shared eurozone unit was down 0.3 percent at $1.0736 around 1415 GMT, while the Paris CAC 40 stocks index slumped 1.9 percent in shock over President Emmanuel Macron's election call.
Investors fretted over the region's political "shift to the Far Right", as well as the "surprise factor" of a snap general election in France, according to XTB analyst Kathleen Brooks.
Macron announced Sunday that he was dissolving the National Assembly, or French Parliament's lower house, after news that far-right parties including National Rally (NR) took almost 40 percent of the French vote.
NR is led by 28-year-old leader Jordan Bardella, whose mentor is Marine Le Pen -- runner-up in the last two presidential elections.
France will vote for a new National Assembly on June 30 with a second round scheduled on July 7, two years after Macron failed to clinch an absolute majority.
- Economic uncertainty -
The euro took a hit as investors fretted that political turmoil could hurt Macron's agenda in in France, which was a key founding member of the eurozone.
"The prospect of a parliament controlled by Le Pen and Bardella with Macron as president, could thwart Macron's plans for much-needed economic reforms in France that could have eased concerns about... debt," Brooks told AFP.
Those concerns were brought into sharp focus after Standard and Poor's recently downgraded France's long-term sovereign debt rating.
Added to the mix, the July election could deliver a far-right prime minister.
"The likelihood (is) that parliamentary elections in France will result in a PM from another party," said Rabobank analyst Jane Foley.
"This would change the direction of French politics including the agenda with respect to fiscal policy and potentially for issues such as EU enlargement."
- Euroscepticism -
The increasing popularity of far-right parties has also stoked concerns over rising euroscepticism in the continent.
Going forward, commentators warn that could further weigh on the euro, which was created in 1999 as a key means of bringing the continent closer together.
"The euro was created as a product of the European unification process. And it is simply inconceivable without European unification," said Commerzbank analyst Ulrich Leuchtmann.
"It should be obvious that this does not make the euro any more attractive than national currencies such as the US dollar and pound sterling."
Kit Juckes, analyst at Societe Generale said he did not think the European single currency would fall back below parity "if Macron's gamble fails to pay off".
"I can imagine... the euro falling, but I suspect it would be reasonably short-lived," he predicted.
O.M.Souza--AMWN