Dollar climbs ahead of Fed minutes; euro slides towards 17-month lows - Yahoo Finance
The euro has fallen to 17-month lows due to fiscal concerns in France, while the U.S. dollar strengthened following Federal Reserve meeting minutes. Policymakers remain divided on the necessity of further interest rate hikes to combat inflation.
Why it matters
Currency fluctuations and central bank policies significantly impact global trade, energy costs, and international investment strategies.
Euro drops toward 17-month lows, dollar holds gains after Fed minutes A teller counts U.S. dollar bank notes at a money changer in Jakarta, Indonesia, April 9, 2025. Picture taken through glass. REUTERS/Willy Kurniawan/File Photo · Reuters By Chuck Mikolajczak Thu, October 8, 2026 at 3:15 AM GMT+8 4 min read EUR=X -0.09% DX-Y.NYB -0.07% CL=F +4.98% By Chuck Mikolajczak
NEW YORK, Oct 7 (Reuters) - The euro tumbled on Wednesday as French bonds came under renewed pressure on fiscal concerns, while the dollar held gains following the minutes from the most recent Federal Reserve meeting.
Yields on French and Italian debt rose, with those of more indebted countries spiking more sharply than those of safe havens such as Germany as French fiscal worries dragged on and oil prices came back into focus.
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