Euro starts week below $1.12, near 17-month low
Updated
Summary
The euro began the week below $1.12, near its weakest level in 17 months.
Why it matters
Concerns are mounting that France’s government may not secure parliamentary approval for substantial spending cuts amid a divided parliament and next year’s presidential election.
What remains uncertain
Markets are awaiting Wednesday’s US CPI data for indications about the Federal Reserve’s interest-rate outlook.