The euro slid to $1.1161 on the 5th, its weakest since May 2025, after four
straight weekly declines, pressured by concerns over French fiscal strain and
political uncertainty. The spread between French and German 10-year yields
briefly topped 150bps, the widest since end-2011. Markets warn rising French
debt, higher debt-servicing costs and a potential pre-election political
deadlock could amplify eurozone fiscal risk; US reports on the 5th said France
has become a "typical example" of stress in European bond markets.
