The euro fell sharply to a 17-month low on Monday as concerns over France’s fiscal position and a steep selloff in its bond market raised fears of contagion across the region, helping the dollar strengthen despite weaker-than-expected U.S. jobs data, according to a report by Reuters.
The euro dropped as low as $1.1161 in Asian trading, its weakest level since May 2025, after posting four consecutive weekly declines, as per the report. Concerns over France’s debt burden and political gridlock ahead of next year’s election have weighed on the single currency.
