[Euro Falls to 17-Month Low Against the Dollar] According to a report by Jinse Finance, on October 5, the euro fell sharply due to market concerns triggered by France's fiscal situation and political uncertainty, dropping to as low as $1.1161 per euro, the lowest level since May 2025. The euro had already been declining for four consecutive weeks. Recently, the French government bond market has been under significant pressure. Data shows that last week, the yield spread between French 10-year government bonds and German government bonds of the same maturity exceeded 150 basis points at one point, marking the first time since the end of 2011. The market is worried that France's debt levels and potential political deadlock ahead of next year's French presidential election could increase fiscal risks in the Eurozone. At the same time, safe-haven demand and high U.S. Treasury yields have provided support for the dollar. On the 5th, the U.S. Dollar Index, which measures the dollar against six major currencies, rose by as much as 0.47% to 102.37. However, weak U.S. employment data has reduced market expectations for a near-term Federal Reserve rate hike, which has somewhat limited the dollar's upward momentum.