Sure does, along with most of the rest of the euro zone.

Meanwhile Italy’s Welfare Minister says:

  • Expects to announce incisive but fair changes in pensions reform (yes I’m sure everyone will think they’re very fair)
  • Govt will carry out existing austerity measures and strengthen them (good show)

EUR/USD has slipped back to 1.3475 from session high 1.3505.

No doubt dragged back by the magnetic effect of the 1.3500 option expiry

;)