The euro fell on Thursday to $1.0521, hovering near its two-year low, driven by fears of a potential collapse of the French government. The ongoing political crisis in France, the eurozone’s second-largest economy, has raised concerns about Paris’s ability to legislate effectively and tackle its fiscal deficit, according to Reuters.
Meanwhile, Bitcoin surpassed the $100,000 mark for the first time, reflecting a stark contrast in market dynamics. In the eurozone, European Central Bank President Christine Lagarde warned of potential economic weakness ahead, with downside risks dominating the medium-term outlook.
In other currency markets, the Japanese yen rose slightly to 150.34 per dollar amid speculation that the Bank of Japan might raise interest rates later this month. The US dollar index remained stable at 106.27, while the British pound was little changed at $1.2709.
