Dec 2 2024: The euro fell 0.55% on Monday, trading at $1.0515 against a strengthening dollar, as political uncertainty in France unnerved investors.
France’s far-right National Rally (RN) party signaled its likely support for a no-confidence motion against the government, unless last-minute concessions are made. This development has fueled concerns about the country’s fiscal stability, driving the risk premium on French government bonds to its highest level in over 12 years last week.
Meanwhile, the U.S. dollar index rose 0.46% to 106.28, benefiting from safe-haven demand amid global market uncertainties.
