EUR/USD steady above 1.1700 despite France downgrade – BBH
View all comments(0)
EUR/USD is range-bound above 1.1700, BBH FX analysts report.
Fitch cuts France to ‘A+’, outlook stable
"France’s fiscal troubles are unlikely to knock EUR/USD off its upward path. Fitch Ratings downgraded France’s sovereign credit rating on Friday by one notch from 'AA-' to 'A+' with a stable outlook. According to Fitch, the downgrade was due to 'growing political division and polarization' increasing the likelihood of further delays to fiscal consolidation."
"Fortunately, France’s fiscal woes remain country-specific and not spreading to the rest of the Eurozone. French bond yield spreads vs. German bunds are widening but Italian, Spanish, and Portuguese bond spreads vs. Germany show no signs of stress."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Like
Recommended Articles
Featured Tools
Top News
OpenAI Rumored to Launch GPT-5.6 to Public, Exactly Timing Anthropic Fable 5 Limit Expiration

Micron (MU) Stock Price Prediction July 2026: Anthropic Deal and 22% Pullback - Buy the Dip?

Why Did SanDisk (SNDK) Stock Crash? AI Chip Selloff, Valuation, and What's Next

Why Is SK Hynix’s Stock Price Falling Instead of Rising as It Prepares for a US Listing?

Samsung Announces Q2 Earnings Preview: Operating Profit Surges 19-Fold Year-on-Year, But Share Price Drops Over 6% After Opening.







Comments (0)
Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.