Euro hovers above 1-month low as French election nerves grow

London

THE euro edged lower against the dollar on Monday, pressured by nervousness over the upcoming French presidential elections as investors took stock of recent polls showing a tightening race.

The campaign is being closely followed by investors, as one contestant - the far right Marine Le Pen - has threatened to pull France out of the European Union if she wins, fuelling concerns of an unravelling of the bloc after Britain's vote to leave it last year.