The euro drops to its lowest level in 17 months amid growing concerns about French government debt
The euro fell to $1.1246 this month, its lowest level since May 2025, as French debt rises and dollar strength grows. French 10-year bonds hit a 5% yield, and analysts say euro weakness may continue if interest rate volatility stays high.
- The euro dropped 1.2% this month, reaching $1.1246, near its lowest level since May 2025.
- French 10-year government bonds rose to a 5% yield.
- OCBC strategists suggest euro pressure may persist if rate volatility remains high.
- French debt is projected to reach nearly 122% of GDP next year.
- The dollar index rose 0.47% to 102.37.
Outlets: Business Recorder, Courthouse News Service, Deutsche Welle, Financial Times, Free Malaysia Today, Hespress English, Irish Independent, Semafor, The Economic Times, The Guardian, The Jakarta Post, france24.com
Written by AI from the outlets' reporting and checked automatically; it can contain mistakes. How Daily Brief works · Privacy