Euro Reaches Lowest Level Since May 2025 as Spain Weighs Early Election

The euro has reached its lowest level since May 2025, coinciding with reports of political uncertainty in Spain and broader fiscal uncertainty in Europe as investors assess the region’s outlook.

Spanish Prime Minister Pedro Sánchez is weighing whether to dissolve parliament after lawmakers rejected government housing decrees. Senior Socialist figures and cabinet members have discussed the possibility of an early election.

The currency’s decline has occurred alongside those political developments. The available facts do not establish that Spain’s situation caused the euro’s move.