Business · Markets · 2 days ago
Euro heads for fifth straight weekly loss against the dollar
The euro has lost more than 3% against the dollar over the past five weeks.
Investors are concerned about France’s debt and political obstacles to reducing its budget deficit.
A strong U.S. economy and wider uncertainty have also weighed on the euro.
The currency’s weakness matters because it reflects concerns about Europe’s economic and political outlook.
The euro is heading for a fifth consecutive weekly loss against the U.S. dollar.
It fell to a 17-month low of $1.1161 on Monday amid investor concerns about French debt and political obstacles to deficit-reduction plans.
The euro’s losses against the dollar exceeded 3% over the past five weeks.
The euro was trading at $1.1207, despite a relative recovery and easing pressure in France’s bond market.
Uncertainty about the eurozone outlook, geopolitical tensions and trade competition continue to weigh on the currency.
- Who
- The euro and the U.S. dollar.
- What
- The euro is heading for a fifth consecutive weekly loss against the dollar.
- When
- The report was published on October 9, 2026; the euro reached its 17-month low on the preceding Monday.
- Where
- In foreign-exchange markets; the report also cites pressure in France’s bond market.
- Why
- Investor concerns about French debt and political obstacles to reducing the deficit, along with eurozone uncertainty, geopolitical tensions and trade competition.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The euro fell to a 17-month low of $1.1161.
The euro was reported at $1.1207 and heading for a fifth consecutive weekly loss against the dollar.
- Euro-dollar rate
- $1.1207
- 17-month low
- $1.1161 on Monday
- Five-week euro losses
- More than 3% against the dollar
- Euro-yen rate
- 177.38 yen, up 0.20%
Sources
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