The euro against the US dollar fell to a 17-month low

According to Gate market data, influenced by France's fiscal pressure and political uncertainty, the euro against the dollar briefly dipped to 1.1161, marking the lowest level since May 2025. The French government bond market is under pressure, with the 10-year government bond yield and the spread against Germany breaking through 150 basis points.

The market is concerned that France's debt levels and political deadlock increase the fiscal risks in the eurozone.