MarketPR
The euro fell to its lowest level against the dollar in 17 months on Monday, driven by mounting concerns over France's high debt and deficits.
The currency closed at $1.1217, down from $1.1256 on Friday, as investors reacted to an underwhelming 2027 budget plan unveiled last week.
That plan has fueled worries that French government spending will remain elevated ahead of next year's presidential elections, where far-right candidate Marine Le Pen, viewed as a fiscal populist, has a chance of winning.
French debt is projected to rise to nearly 122 percent of the country's GDP next year, despite planned spending cuts.
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