Euro: France-linked spread risks keep EUR unattractive, says ING
FROM THE WIRE · FXSTREET.COM
Francesco Pesole at ING notes that widening French OAT-Bund and OAT-BTP spreads have yet to materially weigh on the euro, but warns that sensitivity to French sovereign risk could return rapidly if spreads approach 200bp.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishFrench sovereign risk could return quickly to the euro if spreads approach 200 basis points.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The OAT-Bund and OAT-BTP spreads are widening.
- 02So far the widening has not materially weighed on the euro.
- 03ING warns that sensitivity to French risk could return rapidly.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets