May 28, 2018 / 6:16 AM / a year ago

Euro pulls up from multi-month lows, early elections in Italy loom

TOKYO, May 28 (Reuters) - The euro pulled up from multi-month lows on Monday, after Italian President Sergio Mattarella rejected a vocal critic of the single currency as the economy minister and raised the prospect of an early election.

The euro was up more than 0.6 pct at $1.1728, rebounding from a 6-1/2-month low of $1.1646 set on Friday.

It also gained about 0.8 percent versus the Swiss franc and the yen, bouncing back from three- and 11-month troughs, respectively.

The far-right League and anti-establishment 5-Star Movement, the two populist parties attempting to form a coalition in Italy, had pushed for Paolo Savona to be appointed as economy minister. An early election in Italy now looked inevitable. (Reporting by the Tokyo markets team; Editing by Kim Coghill)

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