Investing.com - Political uncertainty continues to drive financial markets, with investors largely focused on French politics this week.
Recent opinion polls showed far-right National Front leader Marine Le Pen winning the first round of France's presidential election on April 23, beating out centrist Emmanuel Macron and conservative Francois Fillon.
Le Pen has vowed to pull France out of the euro zone and hold a vote on its membership in the European Union.
Despite most polls indicating that Macron would beat her in the run-off vote on May 7, traders feared over the possibility of a Brexit or Trump-style shock result.
Adding to the mood of uncertainty, elections will also be held in the Netherlands in March, Germany in September and possibly Italy, underscoring political risk in the world’s biggest single market.
The mounting political worries hit the euro, with the single currency falling to a more than one-week low of 1.0638 against the dollar on Wednesday.
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