The euro plunged to its weakest level in over a year on Monday, falling below $1.12 per euro before stabilizing near that mark by mid-afternoon. The decline comes as concerns over rising government debt across Europe weigh on investor confidence in the region’s economic stability. Analysts cite growing fiscal pressures as a key driver behind the currency’s sharp depreciation, raising questions about the eurozone’s financial resilience. The drop marks the single currency’s lowest point since May 2025, signaling potential challenges ahead for European markets.
The value of the euro slid on Monday to a 17-month low amid mounting government debt across Europe. As of mid-afternoon on the East Coast, one euro is worth roughly $1.12, after sinking below that threshold earlier in the day. The European currency hit its lowest point since May 2025, when it was roughly equivalent...
