Euro Hits 17-Month Low Amid French Debt Fears

The euro has dropped to its lowest level in 17 months against the US dollar, driven by worries over France's ability to manage its public finances. The currency has lost nearly 7 percent of its value since reaching its peak in late January. This decline reflects broader concerns about economic stability in the eurozone, particularly in one of its largest economies.

Meanwhile, global oil prices have seen a decrease despite ongoing geopolitical tensions around the Arabian Peninsula. The G7's decision to release up to 100 million barrels from strategic reserves, combined with the return of oil flows from the Persian Gulf to pre-war levels, has contributed to this downward trend in oil prices.