Euro Rises as Mainstream Europe Holds Populist Parties at Bay
- Pro-business Liberals and Greens come out as big winners
- Business as usual for the EU, assuming polls are correct: ANZ
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The euro rose, reversing an earlier decline, as initial exit polls showed mainstream European Union parties held their ground against populists in elections for the bloc’s Parliament.
The common currency climbed 0.1% to $1.1211 as of 7:29 a.m. in Sydney, rising for a third day as early results pointed to populist parties winning 29% of the Europe-wide vote, down slightly from 30% in the current Parliament, according to official EU projections. The two big alliances will make up 43% of the seats, down from 56% in 2014.