Dollar Falls as Euro Recovers After France's Le Pen Vows to Reduce Public Deficit

Dow Jones
10/06

1051 GMT - The dollar eases as the euro recovers after French far-right presidential candidate Marine Le Pen promised to reduce the public deficit. Le Pen, who is ahead in opinion polls for next year's elections, unveiled detailed plans of a 140 billion euro package of spending cuts and tax rises. French yields fall 11 basis points to 4.761%, according to Tradeweb. The euro rises 0.2% to $1.1244 after reaching a 16-month low of $1.1160 Monday, LSEG data show. The DXY dollar index falls 0.2% to 102.004 after hitting a near 18-month high of 102.535 Monday.

 

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