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Euro Trades Near $1.1230; French 10-Year Yield Rises to 4.93%

FXStreet reported a 0.15% gain in early Asian trading. Eurostat is due to update France's debt figures Wednesday.

Updated 2 min read
Commuters pass the French Ministry of Economy and Finance in Paris on an overcast morning. (AI-generated image / EconoTimes)
Commuters pass the French Ministry of Economy and Finance in Paris on an overcast morning. (AI-generated image / EconoTimes)

The euro traded near $1.1230 early Tuesday, and France's 10-year reference yield stood at 4.93% in a separate daily reading ahead of new figures on the country's debt.

FXStreet put EUR/USD at about $1.1230 at 12:30 a.m. ET (04:30 UTC), up 0.15% in its early Asian trading snapshot. Other market data also placed the pair near $1.1230 during the session. The quote followed Monday's euro decline amid unrest in France.

Agence France Trésor listed Tuesday's 10-year reference yield at 4.93%, compared with 4.85% Monday. That is an eight-basis-point increase between the two daily readings.

Eurostat put France's 2025 government deficit at 5.1% of gross domestic product. Its later quarterly figures recorded debt at 115.7% of GDP at the end of 2025 and provisionally 117.6% at the end of the first quarter of 2026.

Standard Chartered estimated the gap between French and German 10-year yields at about 148 basis points, or 1.48 percentage points. The bank compared the spread with levels seen during the 2011-12 European debt crisis and cited French unrest and fiscal concerns as sources of pressure. It maintained a favorable EUR/USD outlook, expecting the effects of French bond stress to stay limited. FXStreet's technical analysis, meanwhile, favored near-term weakness for the currency pair.

Separately, Meta Platforms, Inc. plans to release third-quarter results after the U.S. market closes Wednesday. Meta forecast in July that 2026 capital spending would total $130 billion to $145 billion, counting principal payments on finance leases.

Eurostat is due Wednesday to update its 2025 deficit and debt figures and publish second-quarter 2026 government debt data.

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