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2025-10-28 16:50:19
[The euro's strength is driven by a weak dollar and progress on the French budget] ⑴ The euro's current rise is mainly driven by a weaker dollar, and the compromise on the French budget also provides some support. ⑵ The French National Assembly passed an amendment on Monday to increase taxes on large companies to control the budget deficit. ⑶ Analysts believe that this is a drop in the bucket for the French budget and is not conducive to growth, but investors are more concerned about the compromise gesture and the 2026 budget path. ⑷ The euro rose 0.1% to $1.1658, having earlier hit a one-week high of $1.1667.
