December 2, 2024
CNBC: Euro tumbles as French government crisis grows
“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.”