Eurodrama in currency markets raises U.S. dollar's standing

Data: FactSet; Chart: Courtenay Brown/AxiosThe euro fell to a 17-month low against the dollar on Monday as political and fiscal worries rattled European markets.Why it matters: Rising borrowing costs and political instability are reviving concerns about strains within the eurozone — and whether the European Central Bank may eventually have to step in.France is grappling with high deficits, rising long-term rates and political stalemate over how to address them, as our colleague Emily Peck noted.Spain's prime minister called a snap election for Nov. 29, which could strengthen Pedro Sánchez's po