French sovereign stress has returned to the centre of the FX conversation. As bond spreads widen and political uncertainty complicates the path toward fiscal consolidation, Kevin Ford and George Vessey consider whether comparisons with the original euro crisis are justified and what the fallout means for the euro, sterling and the ECB. The conversation then turns to the dollar’s resilience, the retreat from crowded EM carry trades and a tougher Q4 in which policy credibility and economic fundamentals may matter more than yield alone.
Converge is Convera’s podcast that discusses a range of financial services topics. We want to remind our listeners that the information shared on this podcast is for informational purposes only and should not be considered financial advice. Please note that the opinions expressed on Converge are solely the opinions of the host and the guests, not Convera’s.