Business · Markets · 7 hrs ago
Euro edges higher but remains under pressure
The euro gained slightly against the Swiss franc and US dollar on Tuesday evening.
It traded at 0.9268 francs and 1.1238 dollars, while the dollar-franc rate was little changed.
Hopes for mediation in the Iran war by Qatar and Pakistan gave the euro some support.
Germany’s ZEW measure of economic expectations fell for the first time in five months, and by more than expected, briefly weighing on the currency.
The euro remains at a relatively low level, despite its small recovery.
Union Bancaire Privée said political and budget risks in France could keep the euro under pressure, including against the franc.
The bank’s long-term models point to the euro-franc rate falling below 0.90.
The euro rose slightly against the Swiss franc and the US dollar early in the evening.
It traded at 0.9268 francs, up from 0.9245 francs in the late afternoon.
Against the dollar, it reached 1.1238, compared with 1.1223 earlier.
Hopes for mediation efforts to end the Iran war gave the euro some support, while weaker German economic sentiment weighed on it briefly.
The euro remained at a relatively low level, and French political and fiscal risks could keep it under pressure.
- Who
- The euro; currency traders and analysts discussed its movements.
- What
- The euro edged higher against the Swiss franc and the US dollar but remained at a relatively low level.
- When
- Early evening on October 20, 2026.
- Where
- In foreign-exchange markets; the report gave rates against the Swiss franc and US dollar.
- Why
- Hopes for mediation efforts to end the Iran war supported the euro. Weak German economic sentiment and political and fiscal risks in France weighed on it.
This story does not have two clearly opposing sides.
The euro traded at 0.9245 francs and 1.1223 dollars.
The euro rose to 0.9268 francs and 1.1238 dollars.
- EUR/CHF, early evening
- 0.9268
- EUR/CHF, late afternoon
- 0.9245
- EUR/USD, early evening
- 1.1238
- EUR/USD, late afternoon
- 1.1223
- USD/CHF, early evening
- 0.8247
- Long-term EUR/CHF model estimate
- Just below 0.90
1 source
What people are saying
The increasing political and fiscal risks in France could put the euro under pressure over the longer term — including against the Swiss franc.