ETN News Agency, June 5 Special Report: The euro fell 0.8% against the U.S. dollar during Monday's Asian trading session, hitting 1.1161, the lowest level since May 2025.
Earlier reports indicated that Spanish government officials are preparing for an early general election, intensifying investor concerns over European political and fiscal risks.
Traders said that Asian hedge funds sold euro against the dollar in the spot market, triggering additional selling after touching key option levels, further amplifying the decline.
Market concerns over France's political stability and budget outlook are also gradually increasing. Homin Lee, Senior Macro Strategist at Lombard Odier Singapore Ltd, said that bond and currency markets are clearly reflecting investors' unease over the French government's growing instability and weakening fiscal discipline ahead of the 2027 general election.
During Monday's Asian session, French government bond futures edged lower, while German government bond futures rose moderately. (rc)
Earlier reports indicated that Spanish government officials are preparing for an early general election, intensifying investor concerns over European political and fiscal risks.
Traders said that Asian hedge funds sold euro against the dollar in the spot market, triggering additional selling after touching key option levels, further amplifying the decline.
Market concerns over France's political stability and budget outlook are also gradually increasing. Homin Lee, Senior Macro Strategist at Lombard Odier Singapore Ltd, said that bond and currency markets are clearly reflecting investors' unease over the French government's growing instability and weakening fiscal discipline ahead of the 2027 general election.
During Monday's Asian session, French government bond futures edged lower, while German government bond futures rose moderately. (rc)
