The Euro (EUR) market talk of EU Irish bailouts and bondholders having to bear the pain in any cost of bailouts. With Stocks also under pressure the Euro pushed lower towards 1.3600 and the market is growing in bearishness. EUR/USD traded with a low of 1.3607 and a high of 1.3822 before closing at 1.3650. Looking ahead, Q3 GDP forecast at 0.4% Q/Q, 1.9% Y/Y.
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