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EUR/USD
1.1203
-0.12% (-0.0013)
Market read
The widening spread signals that investors are demanding a bigger risk premium to hold French debt as growth slows and the fiscal deficit stays wide. A rising French risk premium within the eurozone can weigh on EUR if it feeds broader fragmentation concerns, even though Moody's held the rating steady rather than cutting it. Next up: Ifo Business Climate.
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Moody's affirmed France's sovereign rating at Aa3 with a negative outlook, while the France-Germany 10-year yield spread widened to 178bps on Thursday from 85bps in early September.
The widening spread signals that investors are demanding a bigger risk premium to hold French debt as growth slows and the fiscal deficit stays wide. A rising French risk premium within the eurozone can weigh on EUR if it feeds broader fragmentation concerns, even though Moody's held the rating steady rather than cutting it.
FirstSquawk·10/19, 04:09 AM
High impactJin10·10/24, 05:10 AM
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