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The Economic Times

Business / The Economic Times

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Dollar holds firm as French fiscal woes keep euro on back foot

The dollar's ascent continues, climbing to a 17-month peak as the likelihood of a Federal Reserve rate increase diminishes. Meanwhile, European currencies face challenges, notably the euro, burdened by rising concerns over Frances debt and political instability. Recent employment statistics from the U.S. hint at a cooling labor market, leading traders to adjust their rate expectations for October.

5 Oct 2026 7:29 am