Euro falls to $1.145, lowest since late July, as oil weighs

The euro weakened to $1.145, its lowest level since late July, as rising oil prices pressured market sentiment. Brent crude recovered after touching its lowest level since September 10, while continuing Middle East tensions kept attention on energy flows and possible diplomatic efforts at this week’s United Nations meetings. Investors are also watching political uncertainty in Germany, where Chancellor Friedrich Merz’s governing CDU suffered its worst-ever state election result in Mecklenburg-Western Pomerania, winning no seats and prompting some party members to call for Merz to step down after 16 months in office. France’s public finances are another focus, with the budget deficit above 5% of GDP as the government attempts to reduce it before a divisive election next year.