EUR Trading Outlook (16-01-2013)
The Euro (EUR) heavy EUR/JPY profit taking yesterday was the main source of EUR/USD weakness but there was mixed other news. Spain’s PM stated he was not expecting to ask the ECB for a formal bailout as yields on Spanish and Italian Bonds have fallen in recent months. EUR/USD broke below 1.3300 on Juncker’s ‘Dangerously high’ Euro comment late in the US session.
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