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✉news BusinessBanking first seen 10 h ago, last 8 h ago, peak #12

Euro near 17-month low as political and fiscal pressure mounts

Original: Euro faces political, fiscal reckoning as it hovers near 17-month low

The euro is hovering near a 17-month low against the dollar, with analysts warning it faces both political and fiscal reckonings in the eurozone. Concerns over government debt, budget instability and political dysfunction among member states are weighing on the currency, leaving traders watching whether policymakers can shore up confidence in the bloc.

Why now: The euro's slide to a 17-month low is drawing attention to mounting political and fiscal strains in the eurozone.

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