The euro is heading for a fifth consecutive week of decline, but signs of weakening selling pressure are emerging.

智通财经2026/10/09 04:06

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(1) On Friday, the euro is heading for its fifth consecutive weekly decline. However, as the French bond market stabilizes and falling US Treasury yields temper the dollar’s rally, the sustained selling pressure on the euro is beginning to show signs of easing. (2) On Monday, the euro briefly fell to 1.1161 against the US dollar, hitting a 17-month low before rebounding; this week it remains down 0.1%, with a cumulative loss of over 3% over the past five weeks. (3) Matt Simpson, senior analyst at StoneX in Brisbane, said: "I think the current market move now looks a little overdone. The euro typically only experiences two or three major swings a year, and this is one of those... but the bearish momentum is waning, so trading at current lows should be approached with particular caution." (4) Vishnu Varathan, Head of Asia Pacific Macroeconomics and Strategy at Mizuho Securities, stated that the dollar is currently “in a precarious position of dominance,” with its strength partly owing to the weak performance of both the euro and the yen.

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(1) On Friday, the euro is set for its fifth consecutive weekly decline. However, with the French bond market stabilizing and a drop in U.S. Treasury yields weakening the dollar's rally, the ongoing heavy selling of the euro is showing signs of easing. (2) The euro fell to as low as 1.1161 against the dollar on Monday, hitting a 17-month low before rebounding; it remains down 0.1% this week and has dropped more than 3% over the past five weeks. (3) Matt Simpson, Senior Analyst at StoneX in Brisbane, said: "I think the current market movement appears to be somewhat overdone. The euro typically only experiences two or three major swings a year, and this is one of them… but bearish momentum is weakening, so caution is especially needed when operating at these current lows." (4) Vishnu Varathan, Head of Asia-Pacific Macroeconomic Strategy at Mizuho Securities, said the dollar is currently “in a precarious leading position,” with its strength partly due to the weak performance of the euro and yen.

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.

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The euro is heading for a fifth consecutive week of decline, but signs of weakening selling pressure are emerging.

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