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ForexMediumUpdated×2•Originally published 5 October 2026•Updated 5 October 2026•
1 min read

Euro Hits 17-Month Low Against Dollar Amid Political Turmoil in Spain and France

Key Facts

1The euro fell against the U.S. dollar to its lowest level since May 2025.
2The single currency is being pressured by political volatility in France and Spain alongside weak economic growth.

The euro fell against the U.S. dollar to its lowest level since May 2025, CNBC reported. The single currency is facing significant pressure driven by political volatility in France and Spain alongside persistent weak economic growth.

Investor confidence in the Euro is being rattled by political uncertainty in major Eurozone economies, coupled with high borrowing costs and sluggish economic performance relative to the United States. Previous data showed Eurozone economic sentiment reached 97.9 on September 29, 2026, missing market expectations.

Latest Updates · 2

  1. Notable·

    Update: Spanish Prime Minister Pedro Sánchez called for early elections on October 5, 2026. The decision follows mounting social protests over housing, intensifying the political pressures currently weighing on the single currency.

  2. Notable·

    Update: Concerns over French debt bolstered the dollar against the euro on October 5, 2026. This trend persisted despite soft U.S. employment data, which led markets to scale back bets on further Federal Reserve interest rate hikes.