Euro Drops to 17-Month Low on France Debt Concerns
The euro fell to a 17-month low against the dollar on Monday due to concerns about France's budget deficit and a significant bond market selloff last week, which have amplified fears of a potential sovereign debt crisis in the euro zone.
The euro fell to a 17-month low against the dollar on Monday as worries grew over France's ability to rein in its budget deficit and after a sharp bond-market selloff last week revived fears of a possible sovereign debt crisis in the euro zone. US economic data showed inflation p...