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The currency pair is threatening fresh 16-month lows as France's fiscal plight raises questions over broader euro weakness
EUR/USD extends its decline on Wednesday as the Euro (EUR) remains under broad selling pressure, while the US Dollar (USD) strengthens alongside surging US Treasury yields. At the time of writing, the pair trades around 1.1185, down 0.66% on the day, hovering near its lowest level in 17 months.
Wednesday's trading session is dominated by rising risk aversion. The euro is weakening against all other G10 currencies, government bond yields are climbing higher once again,