{
  "id": 12095582,
  "title": "Euro hits 17-month low as French financial fears mount",
  "url": "https://urgent.news/2026/10/05/euro-hits-17-month-low-as-french-financial-fears-mount",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T06:29:09.000Z",
  "source": {
    "name": "Ajel English",
    "slug": "ajel-english",
    "url": "https://english.ajel.sa/business/wllrfli7v"
  },
  "original_language": "en",
  "account": "On Monday, the euro plummeted to its lowest level in 17 months, reflecting mounting financial fears in France and a broad sell-off in the bond market. This sharp decline triggered concerns of financial contagion across the eurozone. Trading in Asia saw the euro plummet to $1.1161, its weakest point since May 2025, following four weeks of consecutive losses. The decline is attributed to rising French debt levels and political uncertainty leading up to the national elections slated for the following year.\n\nBy Monday, the euro had slipped by 0.67% to $1.1178, while it also dropped by 0.4% against the Swiss franc and 0.34% against the British pound. French bond futures sank 0.13%, hovering near their lowest levels in recent weeks. Conversely, the yield on 10-year US Treasury notes stabilized at 5.262%, signaling a recovery from last week's tumultuous period that had pushed yields to a 24-year peak. The British pound experienced a 0.24% decline, trading at $1.32064, while the Japanese yen settled at 157.92 per dollar. Furthermore, the US dollar index, which gauges the greenback's performance against six major currencies, surged 0.47% to 102.37 points.",
  "summary": "The euro slumped to its lowest level since May 2025 amid financial concerns in France and a bond market sell-off.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}