ECB Faces Hawkish Pressure Amid Surging Oil Prices; French Fiscal Concerns Widen Bond Spreads

The European Central Bank (ECB) is expected to face continued hawkish pressure at its upcoming meeting, primarily driven by surging oil prices. Concurrently, concerns over French fiscal policy are leading to a widening of French-German bond yield spreads, which is providing support for the U.S. dollar.