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EUR/USD update (20th Sep 2012, 15:00)

Any moves that we do see ahead of this morning’s Spanish bond auction could be short-lived, as the result will move the market. 

Currency traders will be looking to see if it has been fully subscribed and at what price the auctions have closed. Other key aspects will be how much of the auction the eurozone bailout fund feels it needs to acquire, which will provide a good indication as to the global risk appetite for eurozone sovereign debt. 

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EUR/USD update (20th Sep 2012, 15:00)

Any moves that we do see ahead of this morning’s Spanish bond auction could be short-lived, as the result will move the market. 

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