Wednesday, 30 May 2012

DailyFX - Forex Market News: Euro Looks Lower Despite Oversold Signal, Pound Searches For Support

DailyFX - Forex Market News
Forex Market News
Euro Looks Lower Despite Oversold Signal, Pound Searches For Support
May 30th 2012, 13:35

The heightening threat of a Spanish bailout sapped risk-taking behavior on Wednesday, and the ongoing turmoil in the euro-area may continue to drag on market sentiment as European policy makers maintain a reactionary approach in addressing the risk for contagion.

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