Story perspectives
Euro Plummets as US Job Data Surprises Markets
9/27/2025
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Story summary
- Euro to US dollar (EUR/USD) falls below 1.1700 as strong US data dims expectations for Fed cuts.
- US initial jobless claims drop to 218,000, signaling a stable labor market.
- German IFO at 87.7 undershoots expectations.
- Fed Chair Jerome Powell highlighted challenges balancing inflation risks with the job market.
- France's politics, including Marine Le Pen's rise, could weigh on the euro.
