The euro declined against a strengthening dollar on Monday, as investors expressed concerns over political developments in France.
Jordan Bardella, president of the far-right National Rally (RN) party, indicated that the party will likely support a no-confidence motion against the government in the coming days unless there is a “last-minute miracle.”
Growing uncertainty surrounding France’s budget has pushed the risk premium on the government’s bonds to its highest level in over 12 years. As a result, the euro fell by 0.55%, trading at $1.0515, while the U.S. dollar index increased by 0.46% to reach 106.28.
About Author
