EUR/USD has fallen as low as 1.2552 as the market continues to lose confidence in the single currency and the institutions surrounding it.
Just crossing the wires are comments from ECB managing board member Gonzalez-Paramo saying that the ECB will give details on how it plans to sterilize its bond purchases next week.
One bond market trend worth noting is that spreads between German bunds and bonds of Spain, Portugal and Greece have stopped narrowing. A bit more downside in the euro and they will likely start widening again…
