Euro Could Stay Weak on ECB Repricing Risk as French Yields Surge
The euro is expected to remain weak due to the European Central Bank's tightening cycle being more vulnerable to repricing than the Federal Reserve's, driven by surging French government bond yields on fiscal concerns, according to ING's Chris Turner.
ING's Chris Turner said the euro could stay weak because the European Central Bank's tightening path is more vulnerable to repricing than the Federal Reserve's, with French government bond yields surging on fiscal concerns. Turner said the ECB faces a difficult task in sounding hawkish, but the source text cuts off before the rest of the comment.