According to the “Sedaye Sama” news website, citing Reuters, the euro fell to its lowest level in 17 months on Monday as concerns over France’s financial situation and the possibility of the crisis spreading to other countries in the region put pressure on the currency.

According to the report, the euro fell to $1.1161 in Asian trading, its weakest level since May 2025.

In late Monday trading, the single European currency was down 0.68%, standing at $1.1176. The euro also fell 0.5% against the Swiss franc and 0.39% against the British pound.

The decline came after four consecutive weeks of losses, while concerns over France’s debt levels and the political deadlock ahead of next year’s elections intensified pressure on the euro.

According to the report, the sharp decline in French government bond prices in recent days has heightened concerns about the country’s fiscal position and raised fears that market pressures could spread to other eurozone economies.

Meanwhile, the dollar managed to withstand weak U.S. labor-market data, which had reduced expectations for a short-term interest-rate hike.

Concerns over France’s finances have intensified as investors have become increasingly sensitive to the government’s ability to contain the country’s budget deficit and rising debt.

— Tasnim