France's confidence rebound is already running out of steam
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4 itemsFrance’s confidence rebound is already running out of steam
The desk maintains a cautious outlook on the EUR/USD amid reported declines in consumer and business confidence in France, which signal a weakening economic backdrop. Evidence from recent surveys shows the business climate index dropped to 96 in September, alongside a persistently low consumer confidence level at 86, well below the long-term average. Per the full note [source], this economic fragility may position France as an underperformer within the eurozone, impacting the euro's strength against the dollar. Current consensus targets for EUR/USD remain around 1.1684 for December 2026, though individual forecasts present notable divergence.