French Debt Selloff May Weaken Euro Further, ING Says
A sharp selloff in French government bonds could lead to an even weaker euro, according to ING's Chris Turner. Investors may assume that any European Central Bank action to address the bond market selloff could involve less or no further policy tightening, which would weigh on the euro.
The sharp selloff in French government bonds could leave the euro even weaker, ING's Chris Turner said in a note. Investors assume any European Central Bank response to the bond-market rout could involve much less or no further policy tightening, which would weigh on the currency, he said.