{
  "id": 11412670,
  "title": "Euro trims daily gains as Eurozone inflation accelerates above expectations",
  "url": "https://urgent.news/2026/10/02/euro-trims-daily-gains-as-eurozone-inflation-accelerates-above",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T09:46:31.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-trims-daily-gains-as-eurozone-inflation-accelerates-above-expectations-202610020946"
  },
  "original_language": "en",
  "account": "The Euro (EUR) remained relatively stable against the US Dollar (USD) on Friday, trading near the 1.1200 mark, which is close to the 16-month low of 1.1210 reached on Thursday. Eurozone inflation data has increased pressure on the European Central Bank (ECB) to further tighten its monetary policy. However, high oil prices and concerns about France's fiscal health have deterred buyers of the Euro. Eurozone inflation accelerated to 3.8% year-over-year (YoY) in September, up from 3.2% in August, surpassing the forecasted increase to 3.6%. The primary drivers of this rise are believed to be food and energy prices, as the core HICP rose to 2.5% from 2.4%. Oil prices, on the other hand, are declining, with Brent Crude falling below the $100 level, following reports of increased supplies from Gulf countries in September. Meanwhile, the US Dollar is benefiting from risk-averse sentiment due to the global bond rout, which has pushed long-term US Treasury yields to their highest levels in 24 years. France's mounting debt has widened the gap between French and German government bond yields to a 14-year high, spooking investors away from the Euro. France's public debt has reached levels not seen since the postwar era, causing borrowing costs to soar. The focus of investors will now turn to the US Nonfarm Payrolls report, expected to reveal 90,000 new jobs in September with a steady unemployment rate of 4.1%. The market anticipates further tightening of monetary policy by the Federal Reserve, although recent inflation data has tempered expectations of an interest rate increase in October.",
  "summary": "The Euro (EUR) is practically flat against the US Dollar (USD) on Friday, with the EUR/USD pair trading at the mid-1.1200s, still close to the 16-month low of 1.1210 hit on Thursday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Euronews",
        "title": "Eurozone inflation spikes to 3.8%: Is your country on the worst list?",
        "url": "https://urgent.news/2026/10/02/eurozone-inflation-spikes-to-3-8-is-your-country-on-the-worst-list",
        "published": "2026-10-02T09:39:21.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Euro hits fresh two-month lows against British Pound after hot Eurozone inflation data",
        "url": "https://urgent.news/2026/10/02/euro-hits-fresh-two-month-lows-against-british-pound-after-hot",
        "published": "2026-10-02T11:53:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}