Weekly Review and Outlook Euro Selloff Extended on Persistent Worry on Spain Euro remained broadly pressured last week and fresh selling was seen towards the end on renewed concerns in Spain. Spanish 10 year yield closed above 7.2% was a clear reflection on markets’ lack of confidence despite all the efforts by European leaders. Risk appetite was originally solid on corporate earnings and sent DOW to as high as 12977 and boosted Aussie, Kiwi and Loonie against dollar. And the contrast in the sentiments on could be seen with EUR/AUD and EUR/CAD dropping to new record. However, equities markets were then dragged down by Eurozone worries and sent the high beta currencies lower. After all, the overall development
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Weekly Review and Outlook: Euro Selloff Extended on Persistent Worry on Spain