The U.S. dollar hits a 17-month high against the euro as French debt worries and political risk shake European markets, even as soft U.S. jobs data prompts investors to scale back Federal Reserve rate hike bets. Meanwhile, crude prices edge lower as Middle East exports recover, G7 nations release 100 million barrels of strategic reserves, and Iran sets its terms for the Strait of Hormuz. In M&amp;A, French industrial giant Schneider Electric strikes a massive $22.6 billion deal to buy U.S. software group PTC to capture the industrial AI boom. Plus, we are live from London at the Goldman Sachs &quot;10,000 Small Businesses - How Britain Can Win&quot; conference, spotlighting U.K. growth and innovation with key guests.<br>See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. dollar hits months-long high against euro on European concerns

Squawk Box Europe Express

[SPEAKER_02] The CNBC app, global market news in one place. Customizable sections and personalized alerts, stocks tracking, interactive charts and market insights all in your hands. Stay connected, stay informed. Download the CNBC app today. Welcome to Squawk Box Europe. I'm Karen Tso with Ben Boulos

[SPEAKER_04] Boulos and Steve Sedgwick is at the Goldman Sachs conference this morning. These are your headlines. The dollar hits a 17-month high as soft jobs data stateside sees investors pare back their Fed hike bets, the euro hitting its lowest level since last May as potential political upheaval in Spain adds to French debt concerns. Iran sets its conditions to fully reopen the Strait of Hormuz

[SPEAKER_04] as crude prices edged lower with Middle Eastern exports showing signs of recovery and G7 nations agreeing to release 100 million barrels of strategic oil and diesel reserves.

[SPEAKER_05] Schneider Electric buys American software group PTC for almost $23 billion, a hefty premium. The French software group enforcing its strength as a key supplier for the global data center build out.

[SPEAKER_06] And we're live this morning from the Goldman Sachs. 10,000 small businesses, how Britain can win conference, putting the spotlight on UK growth and innovation. I'll be speaking to key guests throughout the morning, including the Goldman CEO, co-CEO for International. That's Anthony Goodman and the Octopus Energy boss, Greg Jackson.

[SPEAKER_04] We kick off the show taking a look at the foreign exchange markets because the euro has been under pressure. The contagion fears that are swept across bond markets now also just honing focus on the FX trade and in particular on the euro, the mounting concerns about debt piles, the situation of the spread differential between French paper and German paper amid some of the concerns in France.

U.S. dollar hits months-long high against euro on European concerns

Read the full transcript

The candid version is on a podcast,
not the earnings call.

U.S. dollar hits months-long high against euro on European concerns

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.