Euro Tumbles to 16-Month Low Versus Dollar on French Fiscal Woes
The euro fell to a 16-month low against the dollar, pressured by concerns over France's fiscal health. Increased government spending due to political pressure has led to a widening of French and German government bond yield spreads to multiyear highs.
The euro fell to a 16-month low against the dollar, pressured by France’s fiscal woes. Concerns that political pressure could drive higher French government spending have widened the spread between French and German government bond yields to multiyear highs. French 10-year gover…