Mr. Market has had his eyes focused on the US for most of the session but it should be noted that Portugal is very much on the mend, as it has been for much of the week.
We’re down to 14.4% on the Portuguese 10-year, more than 300 basis points below the 17.48% top in yields just 2 dats ago.
That said, Greece remains a black-hole and if the ECB or other euro area entities is forced to break its world and make some sort of special exception for Greece, the market will assume they will have to do the same for Portugal, eventually.
Near-term support for EUR/USD is at 1.3085. More down at 1.3025.