Euro hits 17-month low on French debt fears and Spanish turmoil - Euronews.com

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Euro plunges to 17-month low as concerns grow over France's finances.

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The euro has fallen to its lowest level against the US dollar in 17 months as concerns grow over France's finances.The currency dropped by as much as 0.9 per cent on Monday to $1.116, its weakest level since May 2025.The euro has now fallen against the dollar for four weeks in a row, with investors increasingly worried about France's high debt levels and political uncertainty.There are growing concerns about whether the French government can reduce its budget deficit, particularly as politicians prepare for next year's presidential election.The uncertainty in France, the eurozone's second-largest economy, has put further pressure on the euro and unsettled currency markets.Prime Minister Sébastien Lecornu is attempting to push through €54bn (£46bn) in public spending reductions as part of his budget, but faces fierce resistance from politicians vying to succeed Emmanuel Macron when voters go to the polls in April 2027.Marine Le Pen, the hard-Right National Rally leader widely regarded...

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Euro hits 17-month low on French debt fears and Spanish turmoil - Euronews.com.

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Euro hits 17-month low on French debt fears and Spanish turmoil Euronews.comEuro slides on France worries, as Brazil markets eye rally

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