ForexMedium•5 October 2026•
1 min read
Euro Hits 17-Month Low as French Fiscal Concerns Mount
Key Facts
1The EUR/USD pair fell to 1.1162, marking its lowest level in 17 months.
2Concerns over the EU debt crisis intensified following a sharp sell-off in French government bonds.
The EUR/USD pair fell to 1.1162, marking its lowest level in 17 months. ActionForex reported that the single currency faced significant downward pressure as concerns over an EU debt crisis intensified following a sharp sell-off in French government bonds.
The decline is driven by growing doubts regarding France's ability to manage its budget deficit, which has soured investor sentiment toward the Euro in early October 2026. Technical assessments indicate that a violation of current support levels could expose the psychological 1.1000 mark as fiscal and political instability persists within the Eurozone.