Euro falls toward 17-month lows after Fed minutes
The euro tumbled, while the dollar held gains following minutes from the most recent Federal Reserve meeting, with French and Italian bond yields rising on renewed fiscal concerns.
The euro fell sharply on Wednesday as French bonds came under renewed pressure on fiscal concerns, while the dollar held onto gains after the minutes from the Federal Reserve's latest meeting. Yields on French and Italian debt also rose, with those of more indebted countries spiking further.