Euro Falls to Lowest Level Against U.S. Dollar Since May 2025
French debt worries and Spanish election risk pushed the euro to a 17-month low, while France's CAC 40 fell 0.7%, analysts said.
- The Euro fell below $1.12 on Monday amid political uncertainty in France and Spain, threatening the stability of the Eurozone currency bloc.
- French government bond yields neared a 24-year high as the administration attempted to narrow the budget deficit to 5% of GDP with $60.6 billion in spending cuts.
- Commonwealth Bank of Australia strategist Joseph Capurso said the Euro could drop "to under $1.10," while Barclays analysts cited doubts about sustaining 2% inflation despite reduced tightening urgency.
- French stocks, including the CAC 40 Index, traded 0.7% lower on Monday, while the dollar marched higher, supported by elevated US Treasury yields scaling multi-decade highs.
- Analysts at ING warned that fiscal fundamentals remain weak ahead of next year's presidential election, with no candidate presenting a detailed plan to stabilize the debt-to-GDP ratio.
34 Articles
34 Articles
The euro has fallen to a 17-month low against the US dollar. That will increase inflation in the EU, where political unrest and worries about French debt are already worrying investors. Is a new fiscal crisis looming? The euro has fallen to a 17-month low against the dollar. This comes amid rising debt risks, especially in France, worries about government bond yields and rising fuel prices. The euro has been weakening against the dollar for most…
The situation in France may threaten the economy and the single currency of Europe
The situation in France may threaten the economy and the single currency of Europe.France's borrowing costs are rising rapidly... Tensions in financial markets have now begun to spread outside the country, raising concerns that political instability...
Borrowing investors are in a state of turmoil, which weakens the euro: the situation on the capital market is worrying. What is behind it? Answers to the most important questions.
The euro finally fell to the lowest level since May 2025. Again, the sovereign debt is considered to be the trigger. Volker Wieland, the economist, classifys how serious the situation is.
The euro has fallen to its lowest level since May 2025. France's public finances and political uncertainty put pressure on the common currency.
Greenback steady as euro trades around 17-month low amid French debt worries
[SINGAPORE/LONDON] The euro steadied just above a 17-month low on Tuesday (Oct 6) as eurozone bond markets stabilised, a day after the currency fell sharply on fears that stress in French bond markets... Read more at The Business Times.
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