Danske Bank: Fitch downgrades France outlook, euro may continue to weaken

August Hyldgaard of Danske Bank stated that the recent general weakness of the euro may continue after Fitch Ratings adjusted France's credit rating outlook to negative. This adjustment was not part of the regular rating schedule, and French government bonds will face pressure this morning. Fitch pointed out that weak economic growth, rising borrowing costs, and an expanding fiscal deficit are the reasons for the adjustment.