Debt contagion fears weigh on EUR vs USD – SocGen
Societe Generale strategists note renewed EUR weakness as widening European spreads and USD demand drive EUR/USD below 1.12, distant from the ECB's technical assumption of 1.16 for 2026-28.
Original · FXStreet AI summary of public reporting
Why: Widening European spreads and USD demand → EUR weakness
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At publication → CurrentEUR1.12 → 1.12+0.1%