Euro Slides to 1.12 Dollar Amid Political Uncertainty

The euro hovered close to its lowest point in 17 months on Tuesday, weighed down by political ambiguity and financial worries across the eurozone. Meanwhile, the US dollar continued to post strong gains, supported by rising yields on American Treasury bonds.

Currency Market Dynamics

At the start of Asian trading sessions, the single currency slipped to $1.1220 against the greenback. This decline followed a previous session where the pair hit its weakest level since May 2025.

The downward trajectory extends losses recorded during the prior week, when the euro dropped by 1.2 percent.