Euro falls to 17-month low against dollar amid French debt fears
The euro slipped to a 17‑month low against the U.S. dollar as worries about France’s sovereign debt intensified. French markets reacted, with the CAC 40 index declining, while the surprise call for a snap election in Spain added further uncertainty to the eurozone’s economic outlook. Traders cited heightened risk aversion across the region and pressuring currency markets globally.