B · Normal
[Euro weighed down by Russian risks and French protests, traders' sentiment frustrated] On October 19, the situation in Ukraine escalated, and large-scale protests in France deepened the market's concerns about the country's financial situation. The euro fell against most G10 currencies. During Asian trading on Monday, the euro briefly depreciated 0.5% against the U.S. dollar. Earlier, Ukrainian President Zelensky accused US President Trump of trying to pressure Kiev to force Ukraine to surrender to Russia. Meanwhile, protests in several French cities have turned into clashes between police and demonstrators, erupting into the country's worst street violence in years. The euro fell as low as $1.1183, and then narrowed its decline. It was trading around $1.1232 at around 1 p.m. Singapore time. French government bond futures fell by as much as 52 quotation units, and European stock index futures fell 0.3%. Rodrigo Catril, a strategist at National Australia Bank, said that U.S. support for Moscow has prompted Ukraine to increase drone strikes against Russian energy infrastructure, a move that may intensify market concerns about rising oil prices. He added that the French protests will make it difficult for the government to implement austerity policies, and the combination of multiple factors may push the euro below $1.11. The accumulating geopolitical risks in Europe, coupled with the pressure brought by high energy costs, pose a threat to regional economic growth.
Global market intelligence 🕐 2026-10-19 13:32

Related telegraphs

Comments

0/500
Captcha (click to refresh)
No comments yet