The euro fell to a 17-month low against the dollar on Monday as concerns over France’s ability to contain its budget deficit fuelled fears of a potential euro-zone debt crisis. Persistent US inflation pressures further supported the greenback, Reuters reported.
French government bonds have come under pressure as expectations of higher interest rates and growing political uncertainty ahead of the country’s 2027 election raise doubts about whether the euro zone’s second-largest economy can stabilise its public finances.
