Euro Slips to 17-Month Low Against Dollar Amid French Fiscal Concerns

12:13 - 5.10.2026


October 5, Fineko/abc.az. The euro fell to a 17-month low against the U.S. dollar on Monday, driven by mounting fears over France's capacity to control its expanding budget deficit following a sharp sell-off in the sovereign bond market last week.

The market turmoil has reignited concerns regarding a potential resurgence of sovereign debt crisis dynamics within the Eurozone. Financial analysts note that fiscal uncertainties in major member states, coupled with broader bond yield volatility, continue to weigh heavily on the single currency while keeping the greenback near multi-month highs.