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EUR/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 1.12044 |
| Change that session | -0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- More than 400 , 000 protest across France
- France Protests Cause Stocks , Bonds , Currency to Plunge : 4 Charts
Stocks, bonds and the euro have come under pressure across Europe as cost-of-living protests in France, which turned violent, spread to other parts of the continent. The CAC 40 is down 10% from its August peak and the EURO STOXX 50 is down 7%, while the 10-year French OAT yield jumped 66 basis points to 4.98%, a 24-year high. The euro fell to $1.12, down 6% from its January peak against the dollar, as money moved away from France amid political instability. Capital Economics says French spreads could rise by as much as 200 basis points, while Pantheon Macroeconomics calls France a “problem child” with weak growth, high debt and difficult fiscal reform. Separately, South Korean AI firm Elice fell 32% on its first trading day, and the risk-off move spread to US chips, with Micron and Sandisk each down 3%.
- European stocks extend slide as French protests dent risk appetite
European shares extended losses on Oct 20, with the Stoxx 600 down 0.27% at 637.84 points after a 0.8% drop in the previous session, as political instability in France dampened risk appetite. Authorities imposed curfews in parts of Paris, Lille and Nice after a weekend of riots and looting linked to nationwide anti-government protests, intensifying pressure on the euro zone's second-largest economy, which faces soft growth and ballooning debt. In corporate news, OVHcloud jumped 8.5% after posting its first positive levered free cash flow since its 2021 listing, with revenue up 7.2% to 1.15 billion euros (US$1.29 billion). Barco fell 12.9% after forecasting full-year sales slightly below last year's level, with an EBITDA margin of about 11%.
- From France to Albania , social unrest is setting Europe streets ablaze
Protests across Europe over fuel costs, school conditions, declining public services and housing have turned violent in France, Italy and Albania, with arrests and injuries reported. In France, student blockades widened to include the CGT union, and weekend unrest led to 2,400 arrests, looting in several cities and a fire that nearly destroyed Limoges' City Hall. In Spain, tent camps protest unaffordable rents, teachers have struck in Madrid, and a general strike is planned for November, the first in 14 years, after a snap election was called. Italy's inflation rose to 4.2% in September, above the eurozone's 3.8%, fueling demands over jobs, healthcare and housing.
- Mass protests challenge Macron as French police use tear gas and water cannons
More than 100,000 people marched in Paris on Saturday over school funding and rising living costs, with Paris police estimating turnout at 110,000. As the march neared its end, police used tear gas in Lyon, Clermont-Ferrand, Strasbourg and Marseille, and water cannons in Nice and Nantes. The Paris prosecutor's office said 64 people were arrested and 40 were placed in police custody, including six minors. The unrest is testing President Emmanuel Macron's authority in the final months of his presidency before the May election, as the far-right National Rally accuses the government of failing to protect the public. Interior Minister Laurent Nuñez acknowledged that police lost control in some cities and offered to resign, but Macron refused.
- France deploys 70 , 000 security personnel as new protests raise riot fears
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- More than 400,000 protest across France, challenging Macron as Paris clashes erupt
Mass protests across France over school funding and living costs drew 410,000 people according to the Interior Ministry and nearly 800,000 according to the CGT union, with clashes in Paris ending a march that had begun peacefully. Police used tear gas and water cannons near Porte de Vincennes, where 64 people were arrested, and similar clashes were reported in Marseille, Lyon, Strasbourg, Nice and Nantes. Authorities banned rallies in cities including Lyon, Nice and Montpellier, which unions criticized as violations of freedom of expression. Marseille police counted 17,000 protesters against 100,000 by the CGT, and Toulouse authorities counted 26,500, while thousands marched in Orléans against the far right as Marine Le Pen's National Rally held a congress there. Macron's popularity is at its lowest since he took office in 2017, and Interior Minister Laurent Nuñez acknowledged police lost control in some cities during the unrest, which damaged or looted some 3,000 shops.
- More than 400 , 000 protest across France , challenging Macron as Paris clashes erupt
More than 400,000 people rallied across France on Saturday over school funding and soaring living costs, challenging President Emmanuel Macron, and the Paris march ended in clashes in which masked protesters hurled objects and fireworks at police, who responded with tear gas, sound grenades and water cannons. The government said police made nearly 1,000 arrests, a figure expected to rise. The Interior Ministry put turnout at 410,000, below the 550,000 of the previous weekend, while the CGT union estimated nearly 800,000. The movement began as a protest over staff shortages at one high school and spread into a national demand for education funding and help with fuel and other costs, testing Macron in his final months before May's election. Interior Minister Laurent Nuñez said 70,000 officers helped prevent a repeat of the previous weekend's widespread looting.
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