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By Chuck Mikolajczak NEW YORK, Oct 7 (Reuters) - The euro tumbled on Wednesday as French bonds came under renewed pressure on fiscal concerns, while the dollar held gains following the minutes from
EUR/USD touched 1.1162 on 5 October, its weakest level in 17 months, as France's budget standoff pushed the 10-year OAT above 5% and the OAT-Bund spread to roughly 160bp — the widest since the 2011-12 eurozone debt crisis. The euro now trades near 1.1215 ahead of US jobless claims and a $22 billion 30-year Treasury…
The euro nears 17-month lows as French bond yields surge on fiscal concerns, while the dollar gains following Fed minutes and high oil prices.