Brent crude drops below $100 a barrel; euro reverses earlier losses to trade higher against dollar and sterling, as French government bonds rally
The euro has reversed earlier losses and is now trading higher against the dollar, as French government bonds rallied, pushing their yields (or interest rates) lower.
The single currency sank to the lowest level since May 2025, below $1.12, on Monday, amid worries over France’s debt position and political uncertainty ahead of next year’s presidential election. Investors worried that the debt fears could spread to other countries such as Italy. Continue reading...
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