Political developments push euro higher vs US$

London

THE euro rose from an 11-month low against a broadly weaker US dollar on Monday, with political developments seen by some as making next year's French and German elections less uncertain, giving some support to the currency.

Former French president Nicholas Sarkozy was ousted from the race for the presidency over the weekend, leaving former prime ministers Francois Fillon and Alain Juppe to battle it out to become the Republican party's candidate for the election in May.