Moody’s says elevated borrowing costs persisting for an extended period would amplify the fiscal challenges for France, with negative credit implications

Meanwhile, French/German 10 year govt bond yield spread widens 9 bps to 161 bps.

EUR/USD down at 1.3455, Middle Eastern names notable sellers from the 1.3500 level. Does anyone else trade forex apart from frickin Middle Eastern sovereigns?

Stops through 1.3440 as mentioned by Joe earlier before buy orders clustered around 1.3430.

More sell stops said to be gathering through 1.3390.