Euro: Recovery capped by French spread tensions against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight EUR/USD around 1.1212, noting the Euro (EUR) is underperforming peers as Eurozone bond-market tensions persist. The elevated French OAT/Bund spread reflects ongoing social and fiscal strains. While the German ZEW survey shows some improvement in current conditions, expectations softened, and the bank characterizes the Eurozone…
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