Euro Hits 17-Month Low as Spain Election and French Fiscal Risks Weigh
The euro fell to a 17-month low against the dollar as Spain set a November election and France’s budget risks compounded inflation and borrowing-cost pressures.
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The euro fell to a 17-month low against the dollar as Spain set a November election and France’s budget risks compounded inflation and borrowing-cost pressures.
Eurozone inflation accelerated to 3.8% in September as energy prices surged, while core inflation edged up to 2.5% after the ECB’s latest rate increase.
The dollar held near a 17-month high against the euro as rising bond yields, French fiscal concerns and energy costs pressured Europe ahead of U.S. jobs data.
The euro’s fall below $1.13 puts interest-rate differences and bearish options pricing in focus, with implications for business costs and cross-border portfolios.
Italy’s FTSE MIB reached a record high for the first time since 2000 as energy and technology stocks rallied.