Euro hits 17-month low as French debt worries spread
The euro fell to its weakest level against the dollar since May 2025 on Monday. Concern over French public finances is now spilling into currency markets.
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Symbolic imageFrench debt worries have spread from bond markets to currencies: the euro fell to 1.116 against the dollar on Monday, 5 October, its weakest since May 2025, while French 10-year yields hover just below 5 per cent.
This topic covers market stress over French public finances, centred on rising yields on French government bonds. Investors have demanded higher returns to hold French debt, putting France under pressure against its euro-area peers.
The euro fell to its weakest level against the dollar since May 2025 on Monday. Concern over French public finances is now spilling into currency markets.