EUR/USD nearing the 2012 low
The euro extended its downtrend on soft comments from ECB Asmussen and an S&P downgrade of the Italy. EUR/USD is nearing the 2012 low. Sterling was hit by poor UK production data, but EUR/GBP reversed early gains on the negative news from Europe later in the session. Will the Fed minutes and a speech of Fed chairman Bernanke sustain further USD gains?
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