Markets Update: Dollar Strengthens as French Political Uncertainty Affects Euro

Reported 2 days ago

The dollar increased on Monday due to weakness in the euro and yen, driven by political tensions in France as far-right leader Marine Le Pen threatened to destabilize the government. This came amidst a backdrop of rising Treasury yields and signs of stabilization in the Chinese economy, which supported Asian stocks. The euro dropped as French officials rejected budget deadlines imposed by Le Pen, prompting concerns about political instability in France.

Source: YAHOO

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