Danske Bank: Euro Weakness May Persist After Fitch Revises France's Outlook to Negative

Danske Bank's August Hyldgaard said the euro's broad recent weakness may persist after Fitch Ratings revised France's outlook to negative. According to ChainCatcher, the change came outside Fitch's regular rating schedule, and French government bonds were expected to face pressure this morning. Fitch cited weak economic growth, rising borrowing costs and a widening fiscal deficit as reasons for the revision.