The euro hit a 17-month low against the dollar in early trading on Monday, as concerns over eurozone debt, particularly in France, compounded existing investor concerns over global government bond yields and rising oil prices. The euro has been sliding against the dollar for much of 2026, down around 5% since the start of the year. It reached $1.12 on Monday, the lowest level since early in 2025. Ricardo Amaro, lead eurozone economist with Oxford Economics, told DW that the general slide can be attributed to a repricing of investor expectations regarding US Federal Reserve policy in terms of higher interest rates in the face of rising global bond yields.
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