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ForexMediumUpdated•Originally published 2 October 2026•Updated 2 October 2026•
1 min read

EUR/USD Hits Year-to-Date Low on French Fiscal Concerns and Dollar Strength

Key Facts

1The EUR/USD pair hit a new year-to-date low as French public finance concerns triggered a government bond sell-off.
2The US dollar is expected to remain supported by resilient economic activity, elevated energy prices, and hawkish Fed bets.

The EUR/USD pair hit a new year-to-date low on October 2, 2026. Forex.com reported that the decline was triggered by a sell-off in French government bonds as concerns over the country's public finances intensified.

The US dollar is expected to remain supported by resilient economic activity, elevated energy prices, and hawkish Federal Reserve bets. This strength persists as markets evaluate recent data, including JOLTs job openings which fell to 7.079 million on September 29, 2026, ahead of upcoming labor market reports.

Latest Updates · 1

  1. Notable·

    Update: New data indicates that inflation in the European Union has outpaced price growth in the United States. Markets are now focusing on the upcoming European Central Bank and Federal Reserve meetings to assess diverging monetary policy paths in light of these figures.