European Forex Market Talk Roundup

By Anonymous

0739 GMT - Lack of contagion in the rest of the eurozone bond market from the rise in Italian government bonds shows that “the budget talks are still perceived as a local issue,” UniCredit says. “The market behavior suggests to us that the Italian developments are likely to just add noise to the common currency at the moment,” the bank says, adding that EUR/USD is unlikely to fall to August levels of around 1.13. EUR/USD falls 0.4% to a six-week low of 1.1525. ([email protected])

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