Euro Falls as Oil Prices, French Yields Rise

Dow Jones
Oct 07

0727 GMT - The euro falls, albeit staying above recent lows, as oil prices increase and French government bond yields resume rising amid concerns about the country's indebtedness. In an interview with The Wall Street Journal, French Finance Minister Roland Lescure said the government was prepared to exercise special constitutional powers and circumvent parliament to pass billions in spending cuts if negotiations stall over next year's budget. French 10-year yields rise 6.4 basis points to 4.817%, having reached 4.993% Friday, the highest since 2002, LSEG data show. The euro drops 0.3% to $1.1227 after hitting $1.1160 Monday, the lowest in more than 16 months.

 

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