ForexMedium•5 October 2026•
1 min read
Euro Hits 17-Month Low on French Fiscal Risks and Dollar Strength
Key Facts
1EUR/USD fell 0.4% to 1.1205, hitting its lowest level in 17 months amid French fiscal concerns.
2US 10-year Treasury yields held steady at 5.277%, supporting dollar strength against the yen and major peers.
3The French CAC 40 index dropped 0.5% due to growing debt outlook worries and political uncertainty ahead of next year's election.
The EUR/USD pair fell 0.4% to 1.1205, marking its lowest level in 17 months. According to investinglive.com, the decline was driven by escalating fiscal concerns in France and political uncertainty ahead of next year's presidential election, which placed the single currency under significant pressure.
US 10-year Treasury yields held steady at 5.277% on October 5, 2026, supporting broad dollar strength against major peers and the yen. In European markets, the French CAC 40 index dropped 0.5% due to worries over the national debt outlook, while most other regional indices maintained slight gains.