Tag Archives: Spain

Currency outlook

Currency wars continue as the Bank of Japan continues to attempt to verbally lower the yen while the euro catches a bid higher as sentiment strengthens that the euro zone is indeed stabilizing sending the EUR/JPY to nearly a 3 year high, the pair has not been seen this high since May of 2010.

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Uncertainty surrounds Spain’s Bailout

The saga continues in the euro zone as the single currency continues gain on the U.S. dollar in early trading but remains higher by more than 35 pips in the late morning U.S. session. The euro continues to benefit from reports that Spain could request a bailout as early as this weekend.

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