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Oct 20 - 06:55 AM
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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
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Bonds and oil
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters