The Euro (EUR) stabilized after heavy selling over the past few days reclaiming the 1.3500 handle as the IMF heads to Ireland to check whether the country needs to activate bailout funds. The threat of contagion spreading the bailout need to Portugal is also being closely watched. EUR/USD traded with a low of 1.3460 and a high of 1.3567 before closing at 1.3530. Looking ahead, September Current Account previously at -10.5bn.
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