Euro Sinks to 9-Year Low As Greek Elections Bring New Doubts

The euro sank to a nine-year low Monday as new doubts surfaced about Greece's commitment to the common currency bloc. European stocks mostly rose, while Asian markets were mixed. The drop was triggered by a Der Spiegel report which citing unnamed officials said German Chancellor Angela Merkel no longer believes it would be too risky for the 19-member Eurozone if Greece dropped the currency. Still, European stocks mostly rose, while Asian markets were mixed overnight. In stock market trading, France's CAC 40 was down 0.8% at 4,216.85 and Germany's DAX was 0.5% lower at 9,718.16. Britain's FTSE 100 shed 0.7% to 6,500.56. The euro has also been under pressure from expectations the ECB will expand monetary stimulus, which typically weakens a currency.

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