Against the yen, the euro traded at 120.15 yen EURJPY=R, off from lows of 119.65 yen on Monday. The latest French poll overshadowed optimism that Greece may avert another crisis after a government official said the country had agreed with euro zone finance ministers to resume no resume negotiations over its bailout review. Australian stocks were down with investors watching first half results from the world's biggest miner by market value, BHP Billiton (BHP.AX) later in the day. Brent futures LCOc1 were steady at $56.18 a barrel, while U.S. West Texas Intermediate crude CLc1 for April delivery added 0.4 percent to $53.60 a barrel. REUTERS/Kim Kyung-HoonHONG KONG Asian stocks held near 1-1/2-year highs in subdued early trade on Tuesday as a holiday in the United States left investors with few catalysts, while the euro nursed overnight losses as lingering concerns about the looming French election rattled its bonds.
as declared in [nL8N1G52YX] [nW8N17A01Z] The euro traded at $1.0614
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Euro on defensive as French election tests investor nerves
The euro traded at $1.0614 EUR=, having moved little on Monday due in part to a holiday out U.S. investors. Against the yen, the euro traded at 120.15 yen EURJPY=R, after having fallen to 119.65 yen on Monday. TOKYO The euro was on the defensive on Tuesday, under pressure from fears that the French Presidential election could upset the status quo, as rising anti-establishment sentiment surfaced after last year's Brexit and the U.S. election. The first round of the French Presidential election is scheduled on April 23, with the run-off between the top two contenders on May 7. The euro could face further pressure given there's still time before the election," said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank.
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