The Euro (EUR) was under pressure in Asia but managed to claw back some losses against the dollar during the rest of the day with strong support from EUR/JPY and EUR/GBP buying. News that China will support Spanish debt going into the future also helped.   EUR/USD traded with a low of 1.3280 and a high of 1.3425 before closing at 1.3390. Looking ahead, December Inflation forecast at 2 vs. 1.9 previously y/y.
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