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Euro: French spreads threaten downside against US Dollar – BBH

Reported · Written up by our desk · Major Pairs

Brown Brothers Harriman’s (BBH) Elias Haddad highlights that France’s deteriorating public finances are driving a sharp widening in French-German spreads, with the premium already near past crisis highs. Using Italy’s 2018 budget turmoil as a template, Haddad warns that further spread widening could pressure EUR/USD toward 1.1000, while noting that France’s 2027 presidential election may eventually restore confidence if credible deficit reduction is delivered.

Latest closeEUR/USD 1.123 ▲0.2%

← Newer storyLofty U.K. Rate-Rise Bets, Fiscal Risks Leave Sterling Vulnerable

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FXStreetEuro: French spreads threaten downside against US Dollar – BBH

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