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  1. #1
    jimmy sergill is offline Senior Member
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    Oct 2012
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    Default Euro under pressure due to uncertainty over Spain bailout

    Euro under pressure due to uncertainty over Spain bailout
    The euro was on the back foot on Tuesday as uncertainty about Spain persisted after euro zone ministers said the country did not need a bailout yet, dashing investors' hopes they might inch closer to a resolution of the debt problems of the region's fourth largest economy.
    Caution on company earnings also kept risk assets, including the euro, in check, as investors weighed the impact of the global slowdown on corporate earnings due out this week.
    The euro bought $1.2971 in early Asian trade, s lightly higher than l ate U.S. levels but s till about a full cent be low a two-week high of $1.3072 hit on Friday

  2. #2
    jonstevens85 is offline Banned
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    Default

    They'll help Spain and Portugal recover, no doubt about it.

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