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EUR Trading Outlook (23-07-2012)

The Euro (EUR) the EUR/USD fell to new lows on Friday under 1.2150 as regions of Spain lined up for bailouts from the pressured Spanish central bank and investors fretted that there was not enough money to completely bailout Spain. Adding to the contagion fears was news that Greece was failing to meet its reform targets and that Germany was not against the idea of them leaving the Eurozone as Bailout fatigue spreads through the German political establishment.

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