ECB to hold rates in Oct as French spreads widen
Nordea expects the ECB to keep rates unchanged at the October meeting with the next 25bp cut likely in December; sharp widening in French government bond spreads is tightening financing conditions.
Original · FXStreet AI summary of public reporting
Why: French spreads widen and tighter financing → pressure on EUR
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At publication → CurrentEUR1.121 → 1.122+0.1%