It’s not got much else to do so it looks like the euro is latching onto the Portugal saga.
Portuguese 10’s topped out at 7.84% +93 bps but has fallen back to 7.57%.
In the same period EUR/USD bottomed at 1.3000 and is now running back up to 1.3050.
GEneral risk has come back around also with US stocks holding minor gains and USD/JPY back over 99.00 to 99.23.
