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Asian shares were subdued Monday ahead of a week packed with major economic events, while Mexico's peso firmed as exit polls pointed to a decisive victory for presidential front-runner Andres Manuel Lopez Obrador's party.
Dealers said the seemingly clear win would at least settle one source of political uncertainty. Yet leftist Obrador is also expected to inject a dose of nationalism into government and sharpen divisions with U.S. President Donald Trump.
Oil prices had taken an early spill after Trump tweeted that Saudi Arabia had agreed to lift oil production by "maybe up to 2,000,000 barrels".
The missive was later downplayed by the White House and Saudi Press Agency.
Brent crude was down 61 cents at $78.62 a barrel, while U.S. crude fell 62 cents to $73.53. The pullback was modest given U.S. crude rallied more than 8 percent last week, while Brent gained more than 5 percent.
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In currency markets, the euro took a brief early knock on reports German Interior Minister Horst Seehofer had rejected a migration deal German Chancellor Angela Merkel negotiated at a European Union summit on Friday.
The currency then bounced on news Seehofer had offered to step down as minister and as chair of his Christian Social Union (CSU) party.
The move makes the future of Merkel's government even more uncertain as her Christian Democrats party (CDU) relies on the CSU to maintain power through a coalition formed three months ago to end a political vacuum.
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