The Euro (EUR) the EUR/USD fell going into the European session as the Spanish downgrade pushed the EUR/USD to 1.3160. The positive stock market rally and the weak US GDP helped lift the major to 1.3270 before consolidating the gains into the weekend. The outlook is positive with the Eurozone debt crisis failing to cause the usual selling. The Spanish Unemployment rate is continuing to soar up to 24.4% in Q1.
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