In an eerie echo of 2010's European sovereign debt crisis, traders all around the globe are once again pulling up a charts of intra-European bond yields, but this time around, the concerns are closer to the core than the periphery.
Euro: Fiscal stress and fewer ECB hikes weigh against US Dollar – BBH
The euro has started the week under renewed pressure, with the EUR/USD pair falling to near 1.1160, its weakest level since May 2025, as. The pair has bounced from its lows, but the near-term outlook remains bearish for the single currency for now.
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What's happening: EUR/USD fell to around 1.1160, its lowest since May 2025, before recovering to 1.12. French fiscal and political risk is the dominant Euro-specific pressure, while Spain's snap election on November 29 has added a headline without comparable market stress.
Euro slipped to the new multi-month low in early Monday trading, as sentiment was soured further by growing concerns about deepening debt crisis in the bloc, after sharp sell-off of French government bonds added to fears that EU's second largest economy won't be able to handle its budget deficit.
Euro managed to break belwo 1.1200 support while as long as market keep holding Daily close below 1.1240 the drop pressure may sustain toward target 1.1065 A daily close above 1.1240 may push for rebound correction toward 1.1330-50 Support 1.1065 may push for rebound correction toward 1.1200 zone Below 1.1065 more drops is likely […]
EUR/USD dropped to a low of 1.1160 after Spanish Prime Minister Pedro Sánchez called for an early election, adding to concerns surrounding Europe's fiscal outlook and France's bond market.
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