EUR/USD: Accelerating lower on bad news

Posted by on Aug 8, 2012

The EUR/USD has changed course over the European morning, as risk sentiment suffered a setback, starting with 10Y Spanish yields that are up again at 6.95%, and German talking regarding Greece and the ECB: CDU’s Meister said Germany is not willing to back more financial aid for Greece, while ECB bond buying should warn speculators off the Euro. German bond auction disappointed as the country did not reached the target of Eur 4B, selling around 3.4B while Industrial production saw a significant
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