CNBC: Euro tumbles as French government crisis grows
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Updated:2024-12-02
“The common currency is coming under pressure as French political dysfunction worsens and intra-euro spreads widen, but it is important to note that European yields are broadly moving lower - French rates are simply falling by less than their counterparts,” said Karl Schamotta, chief market strategist at Corpay in Toronto. “This is not a repeat of the euro crisis, just a reflection of France’s growing economic challenges.”
CNBC: Euro tumbles as French government crisis grows
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