Euro Heads for Weekly Loss on French Debt Concerns
The euro is heading for a weekly loss against the dollar and yen as French debt risks rise. Meanwhile, fragile equity markets and upcoming central bank meetings drive market caution.
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The euro headed for a weekly drop against the dollar and the yen as a fresh sell-off in France's government bonds pushed debt risk premiums to 2011 levels on Thursday. The single currency declined 0.15% to $1.1198 on Friday, on track for a weekly loss of 0.42%. EUR/USD traders faced heightened volatility as regional debt concerns compounded broader market pressures.
