French Fiscal Concerns Continue to Hold Back Euro -- Market Talk
Dow Jones2026/10/09 10:011001 GMT - The euro recovers above $1.12 on broad-based dollar softness but the single currency is struggling to gain ground against other European currencies as French debt concerns persist, ING's Francesco Pesole says in a note. "It's a sign that FX markets aren't ready to scale back the French fiscal premium." French right-wing presidential candidate Marine Le Pen's fiscal tightening promise won't be enough to turn the tide for French government bonds and the euro might keep suffering for longer, he says. The euro rises 0.1% to $1.1216 after reaching $1.1160 Monday, its lowest level in more than 16 months, according to LSEG. (renae.dyer@wsj.com) (END) Dow Jones Newswires October 09, 2026 06:01 ET (10:01 GMT)
1001 GMT - The euro recovers above $1.12 on broad-based dollar softness but the single currency is struggling to gain ground against other European currencies as French debt concerns persist, ING's Francesco Pesole says in a note. "It's a sign that FX markets aren't ready to scale back the French fiscal premium." French right-wing presidential candidate Marine Le Pen's fiscal tightening promise won't be enough to turn the tide for French government bonds and the euro might keep suffering for longer, he says. The euro rises 0.1% to $1.1216 after reaching $1.1160 Monday, its lowest level in more than 16 months, according to LSEG. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
October 09, 2026 06:01 ET (10:01 GMT)
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