The Euro (EUR) the selling continued overnight but still at a slower pace down to 1.2040 in striking distance of the big 1.2000 level. Lots of speculation of what the ECB and EU can do to stop the Spanish yields rising have be talked about in the market but we are waiting for official announcements. The longer we wait the further we fall with the market left to its own devices have little love for Euro against any pair.
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