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USD higher Portugal deficit troubles hit the EUR

posted by Avatar topequitynews 842 days ago in Technical, Daily made popular 842 days ago

he USD is trading at its highest level since June versus the EUR supported by concern about sovereign debt risk in Europe as CD’s(credit default swaps) widened to a record 196bps spread in Portugal and the spread on Greek and Spanish bonds also widened, it’s getting more expensive to buy protection against debt defaults in Greece...
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