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Chart of the day: France's bond market is flashing another warning for EUR/USD
It's a brand new week, but same old problem for the euro. Once again, it is France that is giving the single currency yet another headache. The weekend riots across the country have piled more pressure on Macron's government, just as investors are already questioning whether France can get its fiscal house in order. And the bond market is signaling that there isn't much assurance of that, as the yield spread between French and German 10-year bonds has widened back towards 14
Latest closeEUR/USD 1.122 ▼0.3%
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