Euro Falls to 17-Month Low Amid French Fiscal Worries
The euro depreciated sharply on Monday, reaching a 17-month low as fiscal concerns in France, following a significant bond market rout, fueled contagion fears within the region. This weakness in the euro helped the U.S. dollar strengthen, despite softer-than-expected U.S. jobs data that had previously tempered near-term interest rate hike expectations.
The euro fell sharply on Monday to a 17-month low as fiscal worries in France, after a steep bond market rout, stoked contagion fears across the region and helped the dollar shake off softer US jobs data that had dented near-term rate-hike expectations. The euro FX:EURUSD sank to as lo…