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2026-11-05 19:28:26
[The positive impact of falling French bond yields has barely boosted the euro exchange rate] ⑴ Bond market recovery: The yield on 10-year French government bonds fell to 4.7%, after reaching a high of 5.14% on October 21; the spread between French and German 10-year government bond yields narrowed to 146 basis points, after approaching 175 basis points in October, indicating a slight easing of sovereign debt risk (Sina Finance). ⑵ Sharp drop in oil prices: International oil prices fell by $22 in November, which should have eased inflationary pressures in the Eurozone and benefited the euro, but the exchange rate remained under pressure. ⑶ Current currency market situation: The euro faces extremely strong resistance against the US dollar, with a weak rebound; market sentiment: Even the sharp drop in oil prices couldn't lift the euro and yen, indicating a lack of effective drivers for the bulls.
