The euro has hit its weakest point against the dollar in over a year, dropping as much as 0.8% in early trading as concerns over France’s debt stability and broader eurozone risks intensify. The currency’s decline follows a sharp monthly fall of around 1.2%, extending a downward trend from its January peak near $1.20. Meanwhile, uncertainty in the eurozone has deepened with Spain’s surprise announcement of a snap election, adding to market jitters. Investors are closely watching whether France’s financial position could pose further threats to the single currency’s resilience.
France’s Cac 40 index slides as announcement of snap election in Spain also helps fuel eurozone uncertaintyBusiness live – latest updatesThe 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. Continue reading...
