Euro Drops to 16-Month Low on French Fiscal Strain, Spanish Election
The euro fell to a more than 16-month low against the dollar on Monday amid growing concerns about France's fiscal position and Spain's announcement of a snap election. Worries about increased French government spending due to political pressure have contributed to a widening of interest rate spreads.
The euro fell to a more-than 16-month low against the dollar on Monday as concern over France’s fiscal position increased and Spain announced a snap election. Worries that political pressure could lead to higher French government spending have helped widen the spread bet…