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Euro hits 17-month low on France debt fears; Ibex weighs Brazil vote
ExpansiónLO·FR · ES · BR·about 15 hours ago
The euro fell up to 0.8% to $1.1161, its weakest in 17 months, after Spanish PM Pedro Sánchez called for elections, adding to regional fiscal and political uncertainty. The move reflects market pricing of heightened political risk in the eurozone, though the extent of further downside depends on election outcomes and broader fiscal policy signals.
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The euro has fallen to a 17-month low against the dollar, driven by confirmed concerns over French debt sustainability, weak demand for French bonds, and high energy costs. This development signals rising sovereign risk in the eurozone periphery and growing market anxiety over the region's fiscal outlook. The extent of contagion and further downside remains uncertain.