Euro slips below 1.13 as the French-German bond gap widens, and a US 30-year auction hits 5.618%
FXStreet said the euro sold off as the French-German bond gap widened, with 1.1300 breaking for the first time since May 2025. StoneX said the gap briefly hit about 150 basis points, the widest since the euro debt crisis, then eased to about 140. RoboForex quoted EUR/USD at 1.1190 on 8 October and 1.1230 on 9 October, and said a US 30-year auction reached 5.618%, the highest since August 2000. Forex.com covered France's fiscal risks as yields neared 5%.
A wide French-German gap signals worry about the euro area's second-largest economy, and it can hit bank shares across Europe, as it did on Wednesday.
Imports priced in dollars, including oil, cost more in euros. Holidays in the US are dearer.
A weaker euro helps exporters, including Irish firms selling in dollars.
It raises inflation by lifting import costs, and signals stress in the euro area.
The French budget is the thing to watch. A rise in the gap beyond 150 basis points would be a new warning.
DailyDrop Ireland edition No. 5 · Morning · FRI., OCT. 9, 2026