The Euro (EUR) some comments from ECB member Asmussen hurt the EUR/USD in late US trade with comments that the ECB will only buy bonds after the ESM and even this was conditional. The remarks were taken as downplaying the chance of the ECB intervening in the bond markets in a aggressive fashion. Support at 1.2500 has been broken in Asian trade but we have only fallen to 1.2465 so far.
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