Business · Markets · 7 hrs ago
Currencies steady as concerns over French finances weigh on euro outlook
Currency markets were mostly steady on Wednesday evening across the euro, Swiss franc and US dollar.
The euro traded at 0.9262 francs, while the franc was slightly weaker against the dollar than it had been in the late afternoon.
The euro-dollar rate was 1.1223, and experts saw some hope of a gradual euro recovery.
That recovery may depend on calmer conditions in France, especially in bond markets.
Worries about France’s public finances have widened the gap between French and German 10-year government bond yields to nearly 1.6 percentage points, its highest level in 15 years.
The currency update gave no further indication of what might happen next.
Currency markets showed little movement on Wednesday evening.
The euro traded at 1.1223 against the US dollar, while the euro-franc pair was at 0.9262.
The Swiss franc stood at 0.8253 against the US dollar, slightly weaker than in the late afternoon.
Experts said hopes of a gradual bottoming-out for the euro against the dollar remained.
Those hopes may depend on tensions easing in France, where concerns about public finances have pushed up the gap between French and German bond yields.
- Who
- Currency markets and experts quoted in the report.
- What
- Currencies showed little movement, while concerns about French public finances weighed on the euro outlook.
- When
- Wednesday evening; the article was published on 21 October 2026.
- Where
- Currency markets; the report highlights France and German government bond markets.
- Why
- Concerns about France’s public finances widened the yield gap between French and German 10-year government bonds.
This story does not have two clearly opposing sides.
The Swiss franc traded at 0.8238 against the US dollar.
The Swiss franc traded at 0.8253 against the US dollar, and the euro traded at 1.1223 against the US dollar.
- Euro/franc exchange rate
- 0.9262
- Euro/US dollar exchange rate
- 1.1223
- Swiss franc/US dollar exchange rate
- 0.8253 Wednesday evening, compared with 0.8238 late afternoon
- French-German 10-year bond yield gap
- Nearly 1.6 percentage points, the highest in 15 years