Euro Could Stay Weak on Risk of ECB Repricing as French Yields Surge -- Market Talk
Dow Jones2026/10/05 08:210821 GMT - The euro looks set to remain weak as the European Central Bank's tightening cycle is more vulnerable to being repriced than the Federal Reserve's amid surging French government bond yields on fiscal concerns, ING's Chris Turner says. "The ECB has a difficult job in terms of talking tough to keep a lid on inflation, while at the same time being expected to step in at some point should the French debt selloff get out of hand," he says in a note. The euro falls 0.4% to $1.1205 after earlier hitting a 16-year low of $1.1160 in Asian trade, according to LSEG. The euro also declines to an 11-week low of 0.8456 pounds. (renae.dyer@wsj.com) (END) Dow Jones Newswires October 05, 2026 04:21 ET (08:21 GMT)
0821 GMT - The euro looks set to remain weak as the European Central Bank's tightening cycle is more vulnerable to being repriced than the Federal Reserve's amid surging French government bond yields on fiscal concerns, ING's Chris Turner says. "The ECB has a difficult job in terms of talking tough to keep a lid on inflation, while at the same time being expected to step in at some point should the French debt selloff get out of hand," he says in a note. The euro falls 0.4% to $1.1205 after earlier hitting a 16-year low of $1.1160 in Asian trade, according to LSEG. The euro also declines to an 11-week low of 0.8456 pounds. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
October 05, 2026 04:21 ET (08:21 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British Pound hits session highs at 1.3420 amid broadbased US Dollar weakness
Cybertruck orders far exceed pre-production capacity, Tesla (TSLA.US) to refund deposits to a large number of customers
Elon Musk stated that Tesla will refund the Cybertruck deposits to a significant number of customers.
Barrick Gold (B.US) Q3 Results Mixed: Benefiting from Gold Price Dividend While Facing Cost Pressures
Barrick Mining (B.US) will release its financial results for the third quarter of 2026 before the U.S. stock market opens on November 9.
Crypto prices
More
