euro

Dollar hits 18-month high as Middle East attacks escalate

The U.S. dollar index closed Monday, Oct. 12, at 102.58, up 0.37% on the day and at its highest level since April 2025. Investors bought the dollar as a safe haven after attacks in the Middle East escalated. The currency…

French bond yields climb as ECB rescue debate grows

France's borrowing costs kept rising on Monday, October 12. Pressure is building on Paris to pass a credible 2027 budget, and the debate over whether the European Central Bank should step in is getting louder. The yield on France's 10-year…

French bond yields ease from 2002 highs as budget stalls

French government bond yields fell back from their highest levels in more than two decades on Friday, giving the euro some relief. Borrowing costs are still high, though, and a split parliament in Paris has left the 2027 budget stuck,…

Euro hits 16-month low vs pound on French bond fears

France's borrowing costs stayed near 24-year highs on Wednesday, Oct. 7. Concern over the country's public finances ahead of the 2027 presidential election kept pressure on the euro, which fell to a 16-month low against sterling. France's 10-year yield briefly…

Euro steadies near 17-month low on French debt worries

The euro held just above a 17-month low against the dollar on Tuesday as euro zone bond markets steadied, a day after the currency fell hard on worries about France's public finances and political gridlock. In the early Asian session…

Euro sinks to 17-month low on French debt contagion fears

The euro slid to its weakest level in 17 months on Monday, October 5. Investors sold French government debt over the country's budget problems and worried that the trouble could spread to other eurozone bond markets. EUR/USD fell 0.8% in…

French bond turmoil prompts traders to cut ECB hike bets

The European Central Bank's bond-buying tools exist to protect price stability, not to target particular sovereign spreads, Bundesbank President Joachim Nagel said on Thursday, Oct. 1. His remarks lowered expectations of an ECB rescue for France as its borrowing costs…

Euro slides to seven-week lows on German political crisis

The euro extended its slide on Tuesday, falling to fresh seven-week lows below 1.1450 against the US dollar as political turmoil in Germany and mounting fiscal concerns in France weighed on the common currency. The EUR/USD pair broke below its…

Euro hits one-month low as Fed rate hike looms Wednesday

The euro extended its losing streak to a fourth straight session on Tuesday, weighed down by a widening policy gap between the European Central Bank and the Federal Reserve that markets see no near-term path to closing. The ECB's daily…

Euro slides to one-month low as gas prices surge on Middle East supply fears

The euro slid to a one-month low against the dollar on Monday as European natural gas prices surged past €80 per megawatt-hour, driven by escalating Middle East hostilities that threaten to squeeze the continent's energy supplies heading into winter.

Markets price 93% chance of ECB rate hike on Sept. 10

Markets are pricing a roughly 93% probability that the European Central Bank will raise interest rates by 25 basis points at its September 10 meeting, a move that would lift the deposit rate to 2.50% and mark the second hike…

Markets price in ECB rate hike for September as inflation pressures build

Financial markets are now broadly pricing in a 25 basis point rate increase from the European Central Bank at its September 10 meeting, which would bring the deposit rate to 2.50%. The euro traded in a narrow range on Thursday,…

Euro trades near 2-month highs as ECB rate hike looms

The euro has been trading around $1.15 in August, hovering near two-month highs, after the eurozone economy posted its strongest quarterly expansion since early 2025 and markets increasingly priced in another rate hike from the European Central Bank in September.

Euro weakens as US-Iran stalemate lifts oil prices

The Euro slid against major currencies on Tuesday as the collapse of momentum in US-Iran peace negotiations sent oil prices higher, compounding inflationary pressures on energy-dependent Eurozone economies and raising the prospect of further interest rate increases from the European…

Euro hits seven-week high as dollar weakens on fading Fed hike bets

The euro climbed for a fifth consecutive session on Monday, reaching its highest level against the US dollar since June 17, as markets continued to pare back expectations for further Federal Reserve tightening. EUR/USD traded near the mid-1.1500s during Asian…

Euro holds steady as new US tariffs and dueling PMI data collide

The euro held steady near 1.1380 against the dollar on Friday as competing forces kept EUR/USD range-bound — stronger-than-expected Eurozone purchasing managers' data and a hawkish European Central Bank rate hold on one side, and a surging US composite PMI…

Euro sinks near multi-month lows as Fed hawks widen yield gap over ECB

The euro is treading water near $1.14 against the dollar, its weakest level since mid-March, as a hawkish Federal Reserve under new Chair Kevin Warsh continues to outpace the European Central Bank in tightening expectations, keeping the greenback's yield advantage…

Euro slides as French inflation data bolsters ECB pause case

The euro drifted lower on Friday as final French inflation data for June confirmed a sharp deceleration, reinforcing expectations that the European Central Bank will hold rates steady at its July 22 meeting. EUR/USD eased to around 1.143, according to…

Euro snaps two-week slide as weak US jobs data weighs on dollar

The euro edged higher on Friday, extending gains for a second consecutive session and positioning itself to end a two-week losing streak against the dollar, after a sharply disappointing U.S. jobs report dampened expectations for near-term Federal Reserve tightening. However,…

Euro drops to lowest level since mid-2025 as US inflation hits 4.1%

The euro slid to its weakest point against the US dollar in over a year on Wednesday, touching 1.1329 before stabilizing near 1.1342 on Thursday after fresh inflation data confirmed the Federal Reserve's hawkish stance remains warranted. The EUR/USD pair…

Euro slides as US-Iran sanctions waiver and cautious Lagarde weigh on currency

The euro weakened against the U.S. dollar on Tuesday as diplomatic breakthroughs between the United States and Iran eased geopolitical tensions and pushed oil prices lower, while European Central Bank President Christine Lagarde's measured tone on monetary policy weighed further…

Lagarde calls capital markets union key to euro’s global reserve status

European Central Bank President Christine Lagarde told lawmakers in Brussels on Monday that the euro will not become a global reserve currency "overnight," calling the completion of the capital markets union the single most important step toward strengthening the single…