Market News / Story
EUR/USD — Euro Hits 17-Month Low as France Debt Fears Deepen. Risk of Spiraling Got Real
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Euro’s slide extends despite softer US employment data, with French bond-market stress and elevated Treasury yields keeping the dollar supported. France’s debt worries reach the currency market The pair fell as low as $1.1160 Monday, its weakest level since May 2025, before trading around $1.1190. The decline follows four consecutive weekly losses, extending a retreat that has persisted through changing expectations for US interest rates. The pressure extends beyond the…