The Euro (EUR) Europe was in the Eye of the storm and the Euro took the brunt of the Italian debt crisis falling from 1.3800 to 1.3500. Italian debt yield on the 10 year bonds broke above the key 7% level which has sparked bailouts in the past. The IMF has suggested it can help and make sure austerity reforms are pushed through. Looking ahead, October German CPI forecast at 0.0% m/m.
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