SINGAPORE: The euro struggled near a 17-month low on Tuesday, weighed down by political uncertainty and fiscal concerns across the euro zone, while the dollar extended its blistering rally as it rode US Treasury yields higher.
The euro ticked slightly lower to US$1.1220 in the early Asian session, having slid to its lowest since May 2025 in the previous session and extending its 1.2% fall from last week.
It was last at 84.83 pence, having also lost more than 1% against the British pound last week.
The common currency has come under pressure due to worries about high debt levels and political gridlock in France, with an upcoming snap election in Spain adding to headwinds.
