The EURUSD exchange rate plummeted during trading on Wednesday (October 8, 2025), continuing the steep decline observed the previous Tuesday. The political crisis in France continues to cast a shadow over the EURUSD, while disappointing economic data from Germany adds further pressure.<\/p>\n
At the start of the European trading session, EURUSD hit a low of 1.16078, marking it as the lowest point in the last five weeks. Compared to the closing price from Tuesday, this currency pair fell by 471 points (47.1 pips).<\/p>\n
French Prime Minister Sebastien Lecornu unexpectedly resigned last Monday, just under a month into his term. Lecornu stated that the current climate does not meet the requirements for him to remain in office, with all political parties acting as though they are in the majority and pushing for the adoption of their programs.<\/p>\n
This abrupt setback has intensified the political crisis in France, making Lecornu the fifth prime minister to resign in the past two years.<\/p>\n
Additionally, data released today from Germany indicated that industrial production in August declined by 4.3% month-on-month (MoM), which was worse than the Trading Central forecast of -0.8% and significantly lower than a 1.3% increase in the previous month. Following this release, EURUSD faced further downward pressure.<\/p>\n
On a different note, Gold prices have been climbing significantly after surpassing the psychological level of $4,000 per troy ounce. By midday, Gold reached $4,037 per troy ounce, surging nearly $53 or 530 pips. Since the beginning of the week, Gold has skyrocketed by more than $150 (1,500 pips).<\/p>\n
Throughout this year, Gold has appreciated by over 50%, supported by high demand from central banks earlier in the year. As the year approaches its end, expectations for potential interest rate cuts by the Federal Reserve, a U.S. government shutdown, and ongoing political turmoil in France are proving to be positive catalysts for Gold.<\/p>\n","protected":false},"excerpt":{"rendered":"
The EURUSD exchange rate plummeted during trading on Wednesday (October 8, 2025), continuing the steep decline observed the previous Tuesday. The political crisis in France continues to cast a shadow over the EURUSD, while disappointing economic data from Germany adds further pressure. At the start of the European trading session, EURUSD hit a low of […]<\/p>\n","protected":false},"author":4,"featured_media":91601,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142,5173],"tags":[5174,5168],"class_list":["post-91602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trading-analysis","tag-eurusd","tag-xauusd"],"yoast_head":"\n