French AAA in doubt for extra borrowing?

My idol, Ambrose Evans-Pritchard, muckraker extraordinaire, says a potential huge bond issue to skirt ordinary budget procedures, may not stand up to the scrutiny of the ratings agencies, meaning it may not get France’s sovereign AAA rating.

Perhaps this helped knock EUR/USD lower when we fell fairly quickly to 1.3912 earlier in the afternoon. The timing is close…We trade now at 1.3935.