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Why EUR Shrugged Off Spanish Bailout

By FX360,  June 11, 2012, 12:52:05 PM EDT

TODAY'S BIGGEST PERCENTAGE MOVERS

CAD/JPY -40 pips -0.52
GBP/CHF +66 pips +0.46
AUd/JPY -36 pips -0.46

THE STORIES IN THE CURRENCY MARKET

EXPECTATIONS FOR UPCOMING FED MEETINGS

CURRENT US INTEREST RATE: 0.25%
06/20 Meeting 08/01 Meeting
NO CHANGE 66.0% 65.4%
CUT TO 0.00% 34.0% 33.3%
HIKE TO 0.50% 0.0% 1.3%
CUT TO 75BP 0.0% 0.0%

WHY EUR SHRUGGED OFF SPANISH BAILOUT

USD: FED PRESIDENTS STILL WORRIED ABOUT ECONOMY

GBP: SHRUGS OFF DOVISH BOE COMMENTS

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AUD: HIT BY MIXED CHINESE DATA

JPY: 2 NEW NOMINEES FOR BOJ BOARD

GBP/USD: Currency in Play for Next 24 Hours

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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