DailyFX - Forex Market News: FOREX: Euro Fundamentals Increasingly Negative but Hinges on Spain

DailyFX - Forex Market News Forex Market News

FOREX: Euro Fundamentals Increasingly Negative but Hinges on Spain Oct 27th 2012, 04:02 The Euro was roughed up this week, falling against nearly every other major currency, with the EURUSD falling back below 1.3000 amid rising Italian and Spanish bond yields. In fact, the Euro only gained against the heavily manipulated Swiss Franc, only for a mere +0.03%, For the most part, the Euro’s weakness these past five days had very little to do with the sovereign debt crisis itself and more so with the economic data that came across the wires.

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