Despite S&P downgrading France's credit rating, the euro still pump.

Jin10 Data, October 20 - On Friday, S&P downgraded France's credit rating from AA- to A+, and investors seem indifferent to this, with the euro rising. Francesco Pesole, an analyst at ING, stated in a report that the euro rebounded after French Prime Minister Borne survived a no-confidence vote last week, but it is “hard to be too satisfied with France.” Borne's decision to freeze pension reforms complicates budgetary decisions, and given the government's fragility, it is still too early to completely rule out France's impact on the euro.