Euro Bounces as Falling French Bond Yields Ease Debt Worries
The euro rebounded on Tuesday, climbing 0.5% to $1.127 against the U.S. dollar, after hitting a 17-month low. The move followed a rally in French government bonds, which helped alleviate concerns about stress within euro zone debt markets.
The euro recovered on Tuesday after dropping to its lowest level in 17 months the previous day, as a rally in French government bonds eased some concern about strain in euro zone debt markets. 127, after having fallen to its lowest in 17 months.