The post EUR/USD steadies amid French political turmoil and prolonged US shutdown appeared on BitcoinEthereumNews.com.

The Euro (EUR) is showing signs of stabilization against the US Dollar (USD) on Friday, pausing a four-day losing streak as the Greenback softens. At the time of writing, EUR/USD trades near 1.1621, up around 0.50% on the day, after dipping to a two-month low on Thursday. Even with the mild rebound, the pair remains on course for its sharpest weekly drop since July, weighed by political turbulence in France. The Euro came under sustained selling pressure earlier in the week after French Prime Minister Sébastien Lecornu resigned just hours after unveiling his cabinet, making his tenure one of the shortest in modern French history. The abrupt resignation rattled investor confidence and deepened concerns over political deadlock within the Eurozone’s second-largest economy. President Emmanuel Macron is under pressure to appoint a new prime minister by Friday evening as his government still needs to pass a budget before year-end. While snap elections are seen as unlikely for now, they remain a last-resort option if coalition talks fail. In the United States (US), attention remains on the ongoing government shutdown, which has now entered its tenth day with no resolution in sight. The Senate is not expected to hold another vote until Tuesday. Prolonged gridlock is raising concerns over potential economic fallout if the impasse continues into mid-October. The shutdown has already delayed the September Non-Farm Payrolls (NFP) report, and if the standoff persists into next week, further disruptions to key data cannot be ruled out. However, the Bureau of Labor Statistics (BLS) announced it will publish the September Consumer Price Index (CPI) on Friday, October 24, after recalling staff to finalize the dataset. The release will come just days before the Federal Reserve’s (Fed) October 29-30 monetary policy meeting, meaning policymakers will not go in blind on inflation. Earlier in the…

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Filed under: News - @ October 10, 2025 7:28 pm