---
title: Daily Market View 09/10/2025
description: French government narrowly avoids collapse; markets react as Macron seeks a new PM. Euro rallies amid political drama.
---

[FX News | Caxton Daily Market View ](https://caxton.io/fx-news)

# [Daily Market View 09/10/2025](https://caxton.io/fx-news/daily-market-view-09/10/2025)

 Written by [David Stritch](https://caxton.io/fx-news/author/david-stritch) | Oct 9, 2025 11:30:25 AM

| # French government saved by last minute brinksmanship |
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| # **1 Minute Market Rundown** - Ex-French PM Lecornu says that there is sufficient consensus in the general assembly to avoid the need for an election - Euro rallies off back of the news as Macron searches for new PM, the 5th PM within the space of a year - Dollar mostly unmoved by mid-east ceasefire deal, as Government shutdown continues  |
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| ### EUR-  The French government has lived up to countries dramatic nature by seemingly saving itself just in the nick of time. After initial reports yesterday that suggested a deal to save the government would be both expensive (in terms of political capital) and unlikely to succeed given the animosity within the assembly, it seems a deal is to be struck. |
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| Outgoing PM Lecornu presented his suggestions to President Macron last night, with Lecornu confident that a national election can be avoided and order restored with some nimble political footwork.  It's not quite mission complete, but Macron seems intent to plough ahead and appoint a new PM on Friday, who will then have to start the work of appointing a cabinet all over again. The situation is just a plaster, working for now but not really representing a full fix and just what kind of deal will be struck between the government and the other parties will be a major detail when considering the Euro's short term outlook. |
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| # Markets Today ***Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer on check online for a live quote** |
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| # Today's Economic Calendar **Major Economic Releases** No major releases |
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[View full post](https://caxton.io/fx-news/daily-market-view-09/10/2025)

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