The euro headed for a weekly loss against the dollar and the yen as a fresh sell-off in France's government bonds led the country's debt risk premium to levels not seen since the euro area sovereign crisis in 2011 on Thursday. The greenback also came under pressure during the week as a tech-led market selloff showed the dollar was no longer attracting its usual safe-haven flows, with doubts about the sustainability of the AI investment boom fuelling expectations of a more dovish Federal Reserve. The yield on the benchmark US 10-year Treasury note was up 3.5 basis points at 4.99% on Friday after falling 19.5 bps the day before, as concerns about the sustainability of the AI outlook reignited. Strategists said that while both the euro and the dollar faced selling pressure this week, the single currency was hardest hit. Meanwhile the Japanese currency jumped on Thursday as investors sought safety amid fragile equity markets and concerns about France's fiscal trajectory and possible n...
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