Tuesday, October 9, 2012

EUR/USD Oct. 9 – Under Pressure as Bailout Uncertainties Continue

EUR/USD continued yesterday’s (Oct. 8) decline as the pair briefly tested the 1.29 line. The pair is now at low support. European finance ministers, meeting in Luxembourg, hailed Greece’s austerity efforts, but a German ECB member was less flattering and more pessimistic about ECB flexibility towards Greece. Uncertainty continues to linger over a Spanish bailout, although market sentiment is
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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