EUR/USD steady above 1.1700 despite France downgrade – BBH
EUR/USD is range-bound above 1.1700, BBH FX analysts report.

EUR/USD is range-bound above 1.1700, BBH FX analysts report.

Fitch cuts France to ‘A+’, outlook stable

"France’s fiscal troubles are unlikely to knock EUR/USD off its upward path. Fitch Ratings downgraded France’s sovereign credit rating on Friday by one notch from 'AA-' to 'A+' with a stable outlook. According to Fitch, the downgrade was due to 'growing political division and polarization' increasing the likelihood of further delays to fiscal consolidation." 

"Fortunately, France’s fiscal woes remain country-specific and not spreading to the rest of the Eurozone. French bond yield spreads vs. German bunds are widening but Italian, Spanish, and Portuguese bond spreads vs. Germany show no signs of stress."

FXStreet
Trade The World
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Explore More Tools
Trading Academy
Browse a wide range of educational articles covering trading strategies, market insights, and financial fundamentals, all in one place.
Learn More
Courses
Explore structured trading courses designed to support your growth at every stage of your trading journey.
Learn More
Webinar
Join live and on-demand webinars to gain real-time market insights and trading strategies from industry experts.
Learn More