Fitch says United States vulnerable to interest rate shocks
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- Spain’s fiscal adjustment programme a plus factor for the country
- Portugal’s gradual approach to fiscal consolidation to 2013 is a concern
- Short-term outlook for Greece probably OK, longer-term outlook more open to question
- Possible to have a sovereign default in the euro zone
EUR/USD sits at 1.3585, 1.3570/85 zone of sovereign buy interest so far just about holding, session low 1.3578.
Elsewhere cable up at 1.4970 aforementioned sovereign buying below 1.4950 having stemmed the bleeding for now.

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EURUSD support @ 1.3550, Fitch warning on European ratings pressured the EUR … 1.3530 next target if selling continues into the North American open
[...] credit ratings agency is out with some fresh comments, according to ForexLive, warning to the biggies — the US and the UK — that they’re not out of the [...]