Euro Slides 0.8% to $1.1161 as French, Spanish Risks Deepen
Updated
Updated · Bloomberg · Oct 5
Euro Slides 0.8% to $1.1161 as French, Spanish Risks Deepen
3 articles · Updated · Bloomberg · Oct 5
Summary
$1.1161 marked the euro’s weakest level since May 2025 after the currency fell as much as 0.8% in Asian trading.
Hedge fund selling accelerated the drop as investors grew more worried about the region’s political and fiscal outlook.
Spain added fresh pressure after reports that government officials were preparing for an early election, compounding stress already centered on France.
France’s bond market has become a focal point: the premium investors demand to hold French debt over German bunds hit its highest since 2011 on Friday.