Euro rebounds as French bond yields retreat
The euro posted its strongest gain in seven weeks after falling to a seventeen month low. A pullback in French government bond yields helped ease debt market fears.
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The EUR/USD rebounded 0.35% to $1.126 on Tuesday morning, staging its strongest recovery in seven weeks following a drop to a 17-month low. This bounce arrived as a pullback in French government bond yields eased broader debt market strains across Europe. Investors are recalibrating currency positions as energy prices cool and central bank rate expectations shift.
