The Euro (EUR) the EUR/USD eased back below 1.3100 as market wide profit taking hit the major. Doubts about the size and timing of a Spanish Bailout have seen the Yield on Bonds once again start to tick higher. The market used this as an excuse to pull back after staging considerable moves higher in the past few days. ECB Member Coene stated easing options included ECB rate cuts and more LTROs.
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