Jin10 data on October 7, the Dutch International Group's Chris Turner stated in a report that due to the resurgence of political turmoil in France and the ongoing government shutdown in the United States without any new developments, the euro may face further downside risks. French Prime Minister Sebastian Le Cornu resigned this Monday, less than a month after taking office. Turner pointed out that betting market data shows a 57% probability of an early election this month, but it is still unclear whether an early election can resolve the current issues. Forex traders may closely follow the yield spread between French and German government bonds. Turner noted that if the yield spread on 10-year French and German bonds expands from the current 86 basis points to 90 basis points, it will sound the alarm and further exacerbate the depreciation pressure on the euro.
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