Euro drops vs strengthening dollar, French politics weigh

Quick Summary:

:The euro dropped on Monday versus a strengthening U.S.dollar on growing concerns about a possible government collapse in France, which would stall plans to curb a burgeoning budget deficit.

The jobless rate is seen edging up to 4.2 per cent, from 4.1 per cent, which should keep the Federal Reserve on course to cut by 25 basis points on Dec.18.

"A period of consolidation into year-end looks to us like the most likely scenario, although the risks remain skewed in favour of the dollar over the course of 2025".

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Article Details

Category: EconomyBusiness

Markets: SingaporeFranceJapanJordanUnited States

Topics: Dollar Cent Debt France Data Euro Week French Rate Monday Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 07:23:41 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 801 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 24034144

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 41 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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Publisher ID: #27

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