The euro hit its lowest point in 17 months on Thursday, as investors battered European assets in light of the impact on the regional economy from higher oil prices and inflation, while mounting political uncertainty added to an uncertain backdrop.
The European currency fell below $1.13 for the first time since May 2025 against the dollar, which has been in ascendance for the past couple of months, thanks in part to the largest quarterly rise in Treasury yields since 1994.
