The euro hovered near a 17-month low on Tuesday as political uncertainty and fiscal concerns across the euro zone weighed on the common currency, while the dollar extended its rally on the back of elevated U.S. Treasury yields, according to a report by Reuters.
The euro slipped to $1.1219 in Asian trading after falling to its lowest level since May 2025 in the previous session. It declined about 1.2% over the past week. Against sterling, the euro was last at 84.87 pence after losing more than 1% against the British currency last week.
