And when I say “slowly” I mean “slooooooooooowly”
The single currency has been a little on the defensive ever since comments from ex-ECBer Axel Weber hit the wires. His comment that Spanish problems carry extremely high contagion risks will have made a few nerves jangle.
Barrier option interest well touted down at 1.2900, defensive bids seen clustered just infront of said interest.
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