EUR Trading Outlook (30-08-2012)

The Euro (EUR) some discord between European leaders appeared overnight with differences of opinions the role of the ECB. Italy’s Monti and Germany’s Merkel have different views on the ESM getting a banking license and borrowing from the ECB. Another fierce Critic of the ECB intervening in the bond market who has been quite vocal in his opposition is the German Central Bank Governor (BUBA) Weidmann.

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