Euro hits 17-month low against the dollar

The euro has fallen to its lowest level against the US dollar in 17 months, DW Business reports. The decline comes as political concerns and worries about French debt trouble investors. The outlet expects the weaker European currency to worsen inflation in the European Union, adding price pressure alongside those existing concerns.

The reported milestone places the euro at a low against the dollar over a 17-month comparison period. The supplied information does not give an exchange-rate level or a percentage decline. It also provides no change for an individual trading session. The quantified development is the length of the period covered by the low.

Euro reaches a 17-month dollar low

The dollar is the counterpart currency in the reported decline. DW Business describes a loss in the euro’s value relative to the US currency. It supplies no euro-hryvnia or dollar-hryvnia figure. There is also no quotation for cash transactions in Kyiv or a buying or selling price from an exchange operator.

DW Business says the euro’s fall will make inflation worse in the EU. That assessment concerns the expected effect of the currency decline. The supplied account does not include a numerical inflation forecast, a deadline for that forecast or a newly measured change in consumer prices across the European Union.

The inflation assessment applies to the EU rather than a separately identified national price index. No country-by-country inflation figures accompany it. Nor does the supplied information quantify prospective price changes for particular goods or services. The exchange-rate milestone remains the only numerical measure of the market movement in the available account.

Political worries are already troubling investors, according to DW Business. Concerns about French debt accompany those worries. The supplied information does not identify a particular political decision or assign a numerical contribution to either concern in the euro’s fall. It reports investor unease alongside the currency’s decline against the dollar.

French debt concerns trouble investors

France is the country whose debt is specifically identified as a source of investor concern. The supplied account gives no debt total, debt-to-output ratio or borrowing-cost figure. It also names no new financing operation. The reported development is concern over French debt, rather than a quantified change in the debt itself.

DW Business raises the possibility of a fiscal crisis against this background. The supplied information does not establish that such a crisis has begun. Its reported developments are the euro’s 17-month dollar low and investor worries about politics and French debt. The worsening of inflation is presented as an expected consequence.

The inflation assessment is not accompanied by an exchange-rate target. DW Business gives no numerical forecast for the euro’s next move in the supplied account. It also provides no estimate of how long the currency’s weakness will last. The reported low describes the move already recorded against the US dollar.

No conversion of 100, 1,000 or 2,000 euros or dollars can be calculated from the supplied figures because there is no numerical exchange rate. The 17-month figure describes a comparison period, not a currency price. The account supplies no hryvnia equivalent, cash spread or commission for either currency.

Based on reporting from DW Business.