Today’s package of additional measures is designed so that Portugal can avoid being the third member of the EU/IMF bailout sorority.
EUR/USD has weakened to NY session lows on selling from a US investment bank’s London office. Bond yields are steady at 3.41% and equities are essentially unchanged, as is the CRB commodities index.
If EUR/USD gathers downside pace, 1.3285 is next support. We trades at 1.3314.
