0743 GMT - The euro looks less fragile as the spread between French and German government-bond yields narrows following more positive developments in French politics, ING's Francesco Pesole says in a note. The 10-year yield spread is at 78 basis points, below the key 80 level and the tightest in a month, LSEG data show. French Prime Minister Sebastien Lecornu pledged to suspend controversial 2023 pension reforms Tuesday, prompting the Socialist Party to say it wouldn't back a no confidence vote. This improves the chances of passing a budget, Pesole says. If Lecornu survives Thursday's confidence vote, the euro could rise and "potentially build strong support around 1.1600." The euro rises 0.3% to a six-day high of $1.1640, according to LSEG. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
October 15, 2025 03:43 ET (07:43 GMT)
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