Euro Hovers Near 17-Month Low on French Debt
The euro stabilized just above a 17-month low following sharp declines driven by mounting concerns over French debt and political instability. Meanwhile, the US dollar held firm near recent highs, supported by elevated Treasury yields and persistent inflation worries.
Xurve View
Insights:
Xurve View
The EUR/USD traded down to $1.12 during Tuesday morning trade, hovering near 17-month lows as debt concerns in France rattled regional markets. The decline extends a 1% slide from the previous week amid broader political gridlock.
