Reported 11 months ago
The euro is facing increased pressure due to heightened political uncertainty in Europe, leading to the currency hitting a one-month low against the dollar after far-right parties outperformed in European elections. Traders anticipate more significant fluctuations and further declines as French President Emmanuel Macron's snap legislative ballot was announced, raising concerns about the euro's long-term prospects for unity and integration in Europe. Volatility has spiked, with sentiment turning negative, and strategists predict a potential drop to $1.05 in the coming months amidst rising political risks.
Source: YAHOO