Euro slides as French bond yields revive debt-crisis fears, Currencies Direct says
TLT•Currencies Direct flagged renewed pressure on the euro as French bond yields edged higher, reviving concerns that France’s debt strain could spill into the wider euro zone. Sterling lacked direction, the US dollar recovered despite weaker consumer sentiment, and the Canadian dollar slid after September unemployment rose.
1. Pressure on the euro
Currencies Direct flagged renewed pressure on the euro as French bond yields edged higher, reviving concerns that France’s debt strain could spill into the wider euro zone.
2. Sterling and the dollar
Sterling traded without a clear direction on limited UK data, with markets watching remarks due that day from two Bank of England policymakers for a possible hawkish signal. The US dollar recovered despite weaker US consumer sentiment; early-week trading was expected to be driven by risk appetite, oil prices and Middle East developments.
3. Canadian dollar slips
The Canadian dollar slid after September unemployment rose, leaving it sensitive to swings in crude prices.
