Euro Falls to 1.1161 as France Budget Crisis and Shallow ECB Hikes Weigh

Brown Brothers Harriman··EUFR·Read original
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The Euro is underperforming major currencies, with EUR/USD briefly hitting 1.1161, its lowest since May 2025, according to Brown Brothers Harriman's Elias Haddad. Haddad flags France's budget crisis spilling into wider Eurozone bond markets, which complicates potential European Central Bank Transmission Protection Instrument activation. The Euro remains pressured by rising fiscal risk and expectations of a shallower ECB hiking cycle.

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