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Author: Darrell Jobman

Spain Extremely Important Market Focus

EUR/USD The Euro was unable to make any further attack on the 1.23 region against the dollar in European trading on Friday and was subjected to heavy selling pressure. Spain was an extremely important market focus as confidence...

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Deterioration in Risk Appetite

EUR/USD The Euro was again frustrated in its attempt to sustain a move above 1.23 against the dollar on Thursday with persistent weakness on the crosses an important element in curbing any advances. Spain continued to be an...

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Yield Trends Remained Very Important

EUR/USD The Euro was blocked in the 1.23 region against the dollar on Wednesday and dipped lower during the European session, although it held above technical support levels and the lows seen during Tuesday. There were some...

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Euro Briefly Dipped to Fresh 2-year Lows

EUR/USD The Euro initially consolidated in the 1.22 region against the dollar in the European session on Friday. There was some relief at the latest Italian auction with a decline in three-year yields on strong domestic buying...

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Decline in Spanish Bond Yields

EUR/USD The Euro initially found support in the 1.2250 region against the dollar on Wednesday and pushed generally higher during the European session. Spain announced a further EUR65bn package of measures to curb the budget...

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