The euro has fallen to a 17-month low as political and fiscal concerns mounted in Spain and France, two of the euro area's biggest economies, according to CNBC.
Key facts
- CNBC reports the euro has fallen to a 17-month low.
- CNBC attributes the move to political uncertainty in Spain and France.
- Fiscal concerns are also mounting in both countries, according to CNBC.
- Spain and France are among the euro area's biggest economies.
- The report was published by CNBC on 5 October 2026.
The euro has fallen to its lowest level in 17 months, with political uncertainty in Spain and France weighing on the single currency, according to CNBC.
The outlet reported that political and fiscal concerns are mounting in two of the euro area’s biggest economies, and said developments in both countries had unsettled markets.
Spain and France rank among the largest economies in the euro area. CNBC did not detail the specific triggers behind the political and fiscal concerns but identified them as the central factors behind the currency’s slide.
Why it matters
Movements in the euro affect the cost of goods, travel and investment across the currency bloc. Because Spain and France are among the euro area's largest economies, instability in either can carry weight for the broader currency area, according to CNBC's account.
Frequently asked questions
How low has the euro fallen?
According to CNBC, the euro has fallen to its lowest level in 17 months.
What is driving the euro lower?
CNBC reported that political uncertainty and mounting fiscal concerns in Spain and France are behind the move.
Why do Spain and France matter for the euro?
Both are among the euro area's biggest economies, so political and fiscal instability in either can have an outsized impact on the currency.