Forex

Euro hits 17-month low on political and fiscal risks

Guavy AI Editorial Team Published October 6, 2026

Instruments

USD

The euro has weakened to its lowest point in 17 months, reaching 1.1161 per US dollar in Asian trading. This decline comes as investors grow increasingly worried about political and fiscal risks in the eurozone.

Traders reported that fast-money funds in Asia were actively selling euros for US dollars in spot trading. This activity pushed prices beyond key levels, which then triggered further options-related selling, amplifying the drop.

The Wire

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