Euro falls to 17-month low against dollar amid French debt fears
The euro has dropped to a 17-month low against the dollar due to investor anxiety over French debt and political instability in Spain. Market concerns are further exacerbated by global sovereign debt sell-offs linked to the ongoing conflict in Iran.
Why it matters
Currency fluctuations and debt concerns in major European economies can signal broader instability in the global financial system.
The euro fell to below $1.12 against the dollar on Monday, before recovering slightly. The euro fell to below $1.12 against the dollar on Monday, before recovering slightly. Euro Euro falls to 17-month low against dollar amid French debt fears France’s Cac 40 index slides as announcement of snap election in Spain also helps fuel eurozone uncertainty
Prefer the Guardian on Google The euro has slumped to the lowest level against the dollar in 17 months amid growing concern France’s debt position could threaten the stability of the wider single currency bloc.
The single currency fell as much as 0.8% against the dollar in early trading on Monday to below $1.12, its lowest level since May 2025, before recovering slightly. It has slumped by about 1.2% this month, accelerating a drop of about eight cents against the greenback from a peak of $1.20 in January.
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