Markets
The Euro Just Closed at Its Lowest Level Since May 2025
EUR/USD slipped to 1.1249 on October 2 after a 0.7% drop on October 1, extending a steady decline from about 1.169 in late August.
The euro's slide against the dollar has gone from gradual to noticeable. On Binance's EUR/USDT market, which tracks the exchange rate closely on weekdays, the euro closed October 2 at 1.1249 — its lowest daily close since May 28, 2025. In late August it was trading around 1.169. That's a decline of roughly 3.8%, a large move for the world's most heavily traded currency pair.
Most of the latest leg came on October 1. The euro opened the day near 1.1335 and lost ground in two distinct phases: first around the European open, when it slipped from about 1.1324 to 1.1275 between 07:00 and 11:00 UTC, and then in the US afternoon, when it fell from 1.1298 to a low of 1.1225 between 14:00 and 17:00 UTC. It closed the day at 1.1254, down 0.7%.
October 2 brought a pause rather than a rebound. The euro traded in a narrow band between 1.1223 and 1.1285 and finished almost exactly where it started. In currency markets, a quiet day after a sharp drop is common: the move gets digested, and the next direction usually depends on the next piece of macro data rather than on the chart.
One caveat on the source. Binance's EUR/USDT pair is priced against a dollar stablecoin and is far smaller than the interbank market, so its weekend candles in particular can show spikes the main market never printed — which is why we measure from late-August weekday closes rather than from the pair's August weekend high. For crypto traders the practical point is simple: a firmer dollar has often coincided with weaker risk appetite, and it's a backdrop worth keeping in view.