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Daily Video Recap: Euro Stumbles on Ireland, ECB Bond Buying
Written by article default Tuesday, 05 October 2010 09:44
The main theme today was Euro weakness as there was more worrisome news regarding Ireland and it was revealed that the ECB bought a large amount of bonds last week. The EUR/USD slid from its highs near 1.38. The USD was a bit stronger as US stocks slid, despite some positive US fundamentals in the form of a decent pending home sales report and good levels of capital purchases by US companies in August.