LONDON, July 1 Reuters The euro touched a twoweek high during Asian hours on Monday, after the first round of France39;s shock snap election put the farright in pole position, but offered little clarity on the final outcome, leaving investors bracing for further volatility.

Marine Le Pen39;s National Rally RN party emerged ahead in the first round, confirming expectations, although analysts noted her party won a smaller share of the vote than some polls had initially projected.

But uncertainty prevailed, as the final result will depend on how parties decide to join forces in each of the country39;s 577 constituencies for the second round, with horsetrading already under way ahead of next Sunday39;s runoff.

One poll showed the RN potentially winning an absolute majority.

The euro , which has weakened 0.8 since President Emmanuel Macron called the election on June 9, rose to a morethantwoweek top of 1.076175, according to LSEG data. It was last up 0.4 at 1.075425.

I think it39;s a slight 39;well, there were no surprises39;, so there was a sense of relief there, said Fiona Cincotta, senior markets analyst at City Index.

Le Pen had a slightly smaller margin than some of the polls had pointed to, which may have helped the euro a little bit higher on the open.

The shock vote has rattled markets, as the farright, as well as the leftwing alliance that came second on Sunday, have pledged big spending increases. Investors have been alarmed, given France39;s already high…