Today’s advance in the single currency was bolstered mainly by rumours, ignoring preliminary EMU GDP data in the third quarter, confirming a double dip recession in the 17-nation bloc.
Stock markets in the euro zone closed mainly in red with the DAX (0.82%) leading the losses followed by the FTSE100 (077%) and then the CAC40 (52%). Curiously (or ridiculously), the only exception was Spain, where the IBEX advanced 0.29%.
At the moment, EUR/USD is up 0.29% at 1.2772
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