Euro skids toward fifth weekly fall but selling pressure slows

The euro has fallen for a fifth straight week, mainly because worries about France’s large debt remain. A brief rebound helped by steadier French debt markets was offset by a slowdown in the U. S. dollar as U. S. yields fall. The Japanese yen has slipped for four weeks, and the New Zealand dollar stays near a low, pressured by lower interest rates.

The euro is enduring its fifth consecutive week of descent, mainly due to ongoing concerns surrounding France's substantial debt. Despite a recent recovery aided by enhanced stability in France's debt markets, the US dollar's growth is stalling as US yields recede. Meanwhile, the yen faces a moderate decline, marking its fourth week of losses, and New Zealand's currency lingers near a low point, pressured by comparatively lower interest rates.

Summarised by Agaah from ET Markets. Agaah aggregates 36 sources and removes duplicate coverage — all news, one place.