AxiosCenter·
Eurodrama in currency markets raises U.S. dollar's standing
Data: FactSet; Chart: Courtenay Brown/Axios The euro fell to a 17-month low against the dollar on Monday as political and fiscal worries rattled European markets. Why it matters: Rising borrowing costs and political instability are reviving concerns about strains within the eurozone — and whether the European Central Bank may eventually have to step in. France is grappling with high deficits, rising long-term rates and political stalemate over how to address them, as our colleague Emily Peck no…
Read at Axios →
