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Euro slides as currency traders grow bearish on France risks

The euro fell as much as 0.7% versus the dollar to $1.1176, hitting its lowest level versus sterling since June 2025.

Reported · Written up by our desk · Major Pairs

Hedge funds and other currency traders are increasingly positioning for further weakness in the euro amid concerns about France’s public finances and growing political uncertainty, according to a Bloomberg report.

The euro weakened to a 16-month low against sterling on Wednesday, and it also approached its weakest level in a year versus the yen as the decline extended.

On the day, the euro dropped as much as 0.7% against the dollar to $1.1176 and fell 0.4% against sterling to 84.48 pence, its lowest level since June 2025.

Bloomberg also pointed to France’s deteriorating fiscal position as a key driver of investor concern, with rising government bond yields and renewed fears of political instability weighing on the currency.

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