MarketPR
The euro slid to a 17-month low against the U.S. dollar on Monday, dropping below the $1.12 mark as political and fiscal concerns weighed on European markets. The currency is down approximately 4% since Sept.
8, reaching its lowest level since May 2025. France is currently navigating high deficits, rising long-term borrowing rates, and a political stalemate over how to manage these fiscal pressures.
These rising borrowing costs have drawn comparisons to the eurozone crisis of the early 2010s, though analysts note the European Central Bank now possesses more tools to contain such market stress.
In Spain, Prime Minister Pedro Sánchez called a snap election for Nov.
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