- Format
- Market note
- Filed
- Read
- 3 min
Euro falls to a 17-month low on French debt and Spain's snap election
The euro fell to $1.1204 on Monday, its lowest since May 2025. The European Central Bank's reference rate was last lower on 16 May 2025, at $1.1194. Why is the euro falling? The short answer is politics: a sell-off in French government bonds over the country's debt, and a snap general election in Spain.
Why is the euro falling? French bond yields jumped, Spain called a snap election, and the euro hit $1.1204, its lowest since May 2025. The figures behind it.
Continue reading the story