French parliamentary chaos triggers Euro selloff as minority government teeters near collapse.
Trump's tariff ultimatum to BRICS nations fuels Dollar demand as global reserve currency debate intensifies.
ECB policymaker signals extended easing cycle,How to buy Monero further undermining Eurozone yield appeal.
The EUR/USD currency pair has plunged below the 1.0500 psychological threshold during Monday's New York session, marking its steepest single-day decline in three weeks. This dramatic movement reflects a perfect storm of political uncertainty in Europe and renewed dollar bullishness from Washington.
Market participants are digesting the implications of France's deepening constitutional crisis, where Prime Minister Barnier's fragile coalition faces potential dissolution. The government's survival hinges on last-minute negotiations with far-right legislators over contentious budget reforms, creating unprecedented political volatility since the Fifth Republic's early years.
Meanwhile, the Greenback enjoys broad-based strength following inflammatory statements from President-elect Trump regarding international currency arrangements. His social media declaration vowing punitive trade measures against BRICS members pursuing dollar alternatives has injected fresh momentum into USD positions across forex markets.
Compounding Euro weakness, ECB Governing Council member Kazaks openly advocated for additional rate reductions during Monday's remarks. His assertion that