eFXdata | EUR/USD - French Bonds And Even Higher Oil Could Spark Another EUR/USD Selloff

By Jeremy Boulton — Oct 20 - 05:08 AM

• Brent Crude oil rising above $111 per barrel

• Continuing stress apparent in eurozone bonds

• Fresh wides for French 10-yr spreads vs Italy, Spain, Portugal and Greece

• Sharp narrowing in current account will undermine EUR/USD

• A correction in stocks could quickly spill into FX carry trades, boost USD

• US/German 10-year spread has widened by 5bps this week

•
Bonds and oil

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:

London Stock Exchange Group | Thomson Reuters

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