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Dollar holds firm as French fiscal woes keep euro on back foot

Traders priced in a 78% chance the Federal Reserve holds rates steady this month as French debt concerns kept the euro near a May 2025 low.

The dollar's ascent continues, climbing to a 17-month peak as the likelihood of a Federal Reserve rate increase diminishes. Meanwhile, European currencies face challenges, notably the euro, burdened by rising concerns over Frances debt and political instability. Recent employment statistics from the U.S. hint at a cooling labor market, leading traders to adjust their rate expectations for October.

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ReutersReuters
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Dollar holds firm as French fiscal woes keep euro on back foot

·London, United Kingdom
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  • 43% of the sources are Center, 43% of the sources lean Right
43% Right

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BizToc broke the news on Monday, October 5, 2026.
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