EUR/USD remained steady yesterday (July 25th), after a senior member of the ECB made positive remarks about the ESM, the Euro-zone’s bailout fund. Weak US Home Sales also boosted the euro. However, the debt crisis continues to dominate the headlines. In Spain, speculation is growing that the country will require a sovereign bailout, while Greece is already falling behind on its austerity commitments. The markets will be busy digesting a host of releases on Thursday out of the Euro-zone and the US. German Consumer Climate came in as expected, but Import Prices posted its biggest drop in over three years. On Thursday, ECB President Mario Draghi will be joining BOE Governor Mervyn King at a conference in London on Thursday. In the US, there are three key releases - Core Durable Goods Orders, Unemployment Claims and Pending Home Sales.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-july-26-steady-after-esm-remarks-weak-us-data/"]EUR/USD Steady After ESM Remarks, Weak US Data[/URL][/I][/B]
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