The Euro showed some bounce after yesterday’s drop (April 16), as Euro dollar climbed back above the 1.31 level. following Spain was due to auction up to EUR3 billion of 12 and 18-month government bonds later Tuesday, as concerns mounted that the government will not be able to meet deficit reduction targets in the face of a looming recession. The key releases today are German ZEW Economic Sentiment, which came in below the market forecast, and US Building Permits.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [URL="http://www.forexcrunch.com/eurusd-april-17-xxx/"]Euro higher, but Spanish Concerns Linger[/URL]
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