Dealers tracked a sell-off on Wall Street where energy firms were hit by falling oil prices, while European traders are increasingly worried about upcoming polls in Germany and France.
Two of Europe’s biggest economies hold general elections this year and there are fears that they could succumb the surge in populist parties that could threaten the break-up of the European Union.
Stephen Innes, senior trader at forex firm OANDA, said: “The market’s tone has been one of risk-off, as political fallout in both Europe and the United States is weighing on investor resolve, imposing an unpalatable risk on investor sentiment.”
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