Euro slides to 17-month low, boosting dollar’s standing

The value of the euro slid on Monday to a 17-month low amid mounting government debt across Europe.

As of mid-afternoon on the East Coast, one euro is worth roughly $1.12, after sinking below that threshold earlier in the day. The European currency hit its lowest point since May 2025, when it was roughly equivalent to $1.11.

At the start of the year, the euro was worth roughly $1.17. As recently as mid-September, it was worth more than $1.16.

The value of the euro has not dipped below $1 since November 2022, when it was below that mark for roughly six weeks. That marked the first time it was worth less than $1 in about two decades. 

A weakening euro strengthens the U.S. dollar in comparison, making European exports cheaper. A stronger dollar relative to the euro could make American-made products more expensive in overseas markets.

The U.S. had........

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