Dollar slides 1% versus euro on US debt concerns

Dollar slides 1% versus euro on US debt concerns
Monday 19 May 2025 - 12:05

The dollar slid one percent versus the euro on Monday after a downgrade to a key US credit rating that triggered worries about the nation’s debt pile.

Following the greenback’s decline, one euro was worth $1.1276, while the US currency dropped heavily against the British pound.

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