Euro Edges Higher as Weaker Dollar Outweighs French Concerns -- Market Talk

0748 GMT - The euro rises 0.1% to $1.1243 against a weaker dollar, despite higher energy prices and growing concerns about French debt and civil unrest. "One can only conclude that the biggest market driver at the moment is the heavy and concentrated positioning in U.S. tech and the dollar, which is being gently pared back," ING's Chris Turner says in a note. Currency traders are likely to keep a close watch on the short-end of the Treasury yield curve, he says. Any tech worries that prompt markets to trim Federal Reserve interest-rate rise expectations, dragging short-end yields lower, could lead to a broader dollar correction, he says. In this case, the euro could break above $1.1270-$1.1275, which could open up a move to $1.1340-$1.1350, he says. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

October 22, 2026 03:48 ET (07:48 GMT)