France’s Bond Shock Puts the Euro Under Pressure

France’s fiscal stress is spilling into currency markets: the euro fell to a 17-month low against the dollar as rising borrowing costs and political uncertainty revived concern about wider eurozone strains. France’s central bank chief, Emmanuel Moulin, warned the country risked being “strangled by interest rates.” Financial Times

Trade Routes

• France: High deficits, rising long-term rates and political deadlock are making it harder to reassure bond investors,...