From BigGo Finance · BigGo Finance · · 50s
Euro Drops 0.5% Amid Ukraine and France Tensions
Euro falls 0.5% as Ukraine and France risks hit markets.
In brief
Euro falls 0.5% as Ukraine and France risks hit markets. Euro dropped 0.5% against dollar in Asian trade Monday after Ukraine escalation and French protests. Originally reported by BigGo Finance.
Euro Drops 0.5%
Euro fell as much as 0.5% against dollar in Asian morning trade Monday, touching $1.1183.
Ukraine and France Triggers
Ukrainian President Zelenskyy accused Trump of pressuring Kyiv while French protests turned violent.
Euro Weakens Against G10 Currencies
Euro weakened against most G10 currencies and dragged Eastern European currencies lower.
Market Expectations
Commonwealth Bank strategist Carol Kong expects euro to test 1.1130 support level this week.
Economic Pressure
High energy costs threaten European growth, making euro the worst G10 performer over past month.
The headline
Euro dropped 0.5% against dollar in Asian trade Monday after Ukraine escalation and French protests.
