Yohay

Euro USD is continuing its downward spiral. Fears are rising that Spain may be forced to ask for an international bailout, as the recession and banking crisis continue to take their toll on the economy. mount together with yields. In Greece, the EFSF injected 18 billion euros into the country’s struggling banks. This may shift the focus away from the troubled nation for now, but capital continues to move out of the country. Is the Grexit an irreversible process? Yesterday’s US Consumer Confidence data was weak, hitting a five-month low. In the Euro-zone, the M3 Money Supply came in at 2.5%, well below the market forecast. Today’s key indicators include an Italian Bond Auction, a speech by ECB head Draghi and US Pending Home Sales.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-may-29/"]EUR/USD Market Jitters Continue on Spanish and Italian Funding Issues[/URL][/I][/B]