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Market Talk comments pointed to euro resilience versus French fiscal worries, rising French sovereign credit risk and steadying Treasury yields. The roundup also cited Germany’s improved growth outlook and an upcoming Canadian jobs report.
MUFG’s Derek Halpenny cites a raised German growth forecast as evidence Europe can stay resilient and limit further euro weakness. The euro was steady at $1.1205 after Monday’s $1.1160 16-month low.