It’s all good over at Fitch. Everything is hunky-dory in Spain and Italy is cool, too.

Spain can recover to a robust growth rate over the medium-term, Fitch says.

Moody’s has made no comment on Spanish debt.

The Spanish deputy PM sends “a message of confidence to citizens and reassurance to markets” according to Reuters.

Not sure how that message will be received.

EUR/USD is consolidating losses in the 1.3130s after slipping as low as 1.3114 on EBS.