Euro falls on French debt as yen rises on safety
The euro dropped toward a weekly loss as French debt risks and civil unrest grew. Meanwhile, the Japanese yen strengthened on safe-haven flows from an AI stock selloff.
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The euro dropped 0.12% to $1.12 on Friday, heading for a weekly loss against the United States dollar as surging debt risk premiums in France rattled investors. The selloff in French government bonds pushed the country's debt risk premium to its highest level since 2011. Meanwhile, safe-haven flows from an artificial intelligence stock rout boosted the Japanese yen.
