Euro Tumbles to 16-Month Low Amid French Fiscal Concerns and Spanish Election
The euro fell to a more-than-16-month low against the dollar on Monday due to growing concerns over France's fiscal position and Spain's announcement of a snap election. Worries about increased French government spending have contributed to a widening spread.
The euro fell to a more-than 16-month low against the dollar on Monday as concerns over France's fiscal position deepened and Spain announced a snap election. Worries that political pressure could increase French government spending have helped widen the spread bet…