Euro Falls Amid Concerns Over France's Fiscal and Political Situation -- Market Talk

Dow Jones2026/10/05 03:38

0338 GMT - The euro falls against the dollar in Asian trading hours amid concerns over France's fiscal and political situation. Worries about "France's deteriorating fiscal position, persistent budget deficits and political uncertainty" have caused the spread between French OAT bonds and German bunds to hit its widest since the eurozone debt crisis, says Lee Sue Ann of UOB's global economics and markets research in a note. "ECB policymakers are contending with a renewed tightening in eurozone financial conditions stemming from turbulence in the French sovereign bond market," the economist adds. The euro falls 0.6% to US$1.1186 after earlier touching US$1.1161, lowest intraday level since May 2025, LSEG data show. (ronnie.harui@wsj.com) (END) Dow Jones Newswires October 04, 2026 23:38 ET (03:38 GMT)

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