{
  "id": 12168892,
  "title": "Euro falls back below 1.1200 as US Dollar dominates despite weaker ISM Services PMI",
  "url": "https://urgent.news/2026/10/05/euro-falls-back-below-1-1200-as-us-dollar-dominates-despite-weaker",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T14:32:34.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-falls-back-below-11200-as-us-dollar-dominates-despite-weaker-ism-services-pmi-202610051432"
  },
  "original_language": "en",
  "account": "The Euro (EUR) slipped below 1.1200 amid a stronger US Dollar (USD) on Monday, despite a weaker US Industrial Production Services Purchasing Managers Index (PMI). The US Dollar benefited from higher US Treasury yields and continued economic resilience. In the Eurozone, mounting political and fiscal concerns, especially in France and Spain, weighed on the Euro. The S&P Global Services PMI for September rose to 58.8, while the ISM Services PMI eased to 54.9, but remained above the 50 threshold for expansion. Technical analysis indicated continued bearish momentum for EUR/USD below key moving averages, with potential support around 1.1161.",
  "summary": "EUR/USD falls 0.60% on Monday and trades around 1.1190 at the time of writing. The pair remains under pressure as the US Dollar (USD) maintains positive momentum, supported in part by elevated US Treasury yields, while political and fiscal concerns in Europe weigh on the Euro (EUR).",
  "key_points": [
    "Euro falls below 1.1200 amid stronger US Dollar",
    "US Dollar gains from higher Treasury yields",
    "Eurozone concerns weigh on EUR despite PMI"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Guardian Business",
        "title": "Euro falls to 17-month low against dollar amid French debt fears",
        "url": "https://urgent.news/2026/10/05/euro-falls-to-17-month-low-against-dollar-amid-french-debt-fears",
        "published": "2026-10-05T11:18:20.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Euro sinks to 17-month low as French debt fears spread",
        "url": "https://urgent.news/2026/10/05/euro-sinks-to-17-month-low-as-french-debt-fears-spread",
        "published": "2026-10-05T13:20:32.000Z"
      }
    ]
  },
  "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."
}