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Euro, Paris stocks rise as French vote eases fears over far right

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The euro climbed to as high as $1.0777 Monday, with some predicting it could rise further.

The euro rose and Paris equities surged Monday on signs France's far-right would not win enough seats for an overall majority in legislative elections.

President Emmanuel Macron called for a"broad" alliance against the far-right in the second round, which will see run-off votes where there was no outright winner in the first round. The reading provided fresh optimism that the Fed will cut interest rates this year, while traders at the same time bet on the Bank of Japan lifting borrowing costs at its next meeting.

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