US Dollar Presses Down the Euro Across Global Markets to 17-Month Low

11:47 - 2.10.2026


October 2, Fineko/abc.az. The U.S. dollar was headed for its third consecutive week of gains on Friday, as a global bond market sell-off triggered by inflation fears over rising oil prices and mounting concerns over France's fiscal health kept the euro pinned near a 17-month low.

Market analysts note that surging U.S. Treasury yields and a broad shift in global investor sentiment toward safe-haven assets continue to underpin the dollar's strength.

Concurrently, deepening fiscal uncertainty in France—the Eurozone's second-largest economy—is weighing heavily on the euro, compounding market anxieties over European economic stability and future interest rate trajectories.