Euro Struggles to Regain Momentum, Falls to 16-Month Low Vs Sterling
A facts-only brief, written by a local AI model from this article in The Wall Street Journal, October 14, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.
The euro declined to a 16-month low against sterling, reaching 0.8433 pounds, while also slipping slightly against the dollar to $1.1192. ING’s Francesco Pesole attributes the currency’s weakness against non-dollar pairs to ongoing budget concerns in France, noting that the euro could fall toward $1.1150 in the coming days. Meanwhile, the U.S. dollar index retreated from an 18-month high, dropping 0.1% to 102.121 as Treasury yields eased ahead of September consumer price data.
Background
- UOB’s Quek Ser Leang suggests the dollar index’s recent rally may be shifting toward consolidation or modest weakness, with the 21-day exponential moving average at 101.50 serving as a potential support level.
- CBA’s Carol Kong warns that strong consumer demand could cause core inflation to surprise to the upside, potentially increasing market pricing for a Federal Reserve rate hike in October.
- Asian currencies largely consolidated against the dollar ahead of the U.S. inflation report, with the Australian dollar rising 0.1% to $0.6988.
Read the full article at wsj.com
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